12th Jun 2023 08:40
(Alliance News) - Learning Technologies Group PLC on Monday noted "moderate" business momentum in the first half of 2023, supported by a "healthy" sales pipeline, despite a challenging macro environment.
The London-based digital learnings and talent management company added that its strong balance sheet will allow it to make "select accretive" acquisitions in due course.
"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 USD100 billion, and growing, addressable market in digital learning and talent management," Chair Andrew Brode said.
Learning Technologies will issue a trading update on July 27.
Learning Technologies shares were 1.2% lower at 99.45 pence each on Monday morning in London.
By Tom Budszus, Alliance News reporter
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