Learning Technologies performs well in challenging conditions

Digital learning and talent management specialist Learning Technologies described a challenging macroeconomic environment in a trading update on Monday.

The AIM-traded firm, which was holding its annual general meeting, did however express satisfaction with the moderate business momentum it had achieved in the first half of 2023.

It put that positive performance down to a healthy sales pipeline, indicating a strong potential for continued growth.

“With a step-change in the scale of our business following the successful integration of GP Strategies, our broader offering provides a platform to capture a greater proportion of the circa $100bn, and growing, addressable market in digital learning and talent management,” said chairman Andrew Brode.

At 0850 BST, shares in Learning Technologies Group were down 2.13% at 98.55p.

Reporting by Josh White for Sharecast.com.