First quarter (July - September 2021 )- Net sales increased by 10.2 percent and amounted to
SEK 2,911 million (2,641). Organic growth, including bolt-on acquisitions, was 6.8 percent. -
Operating profit (EBIT) amounted to
SEK 233 million (221). -
Adjusted operating profit, adjusted for items affecting comparability and effects of IFRS 16, amounted to
SEK 194 million (151). Items affecting comparability amounted to SEK -30 million (10) relating to a fire in a compulsory school. -
Net profit for the period amounted to
SEK 100 million (91). -
Earnings per share was
SEK 0.94 (0.87) after dilution. Adjusted for IFRS 16, earnings per share was SEK 1.15 (1.11) after dilution. -
The average number of children and students in preschool, compulsory school, and upper secondary school during the first quarter was 91,431 (85,642), representing an increase of 6.8 percent.
The complete report will be made available at
https://academedia.se/en/investors/reports-and-presentations/
Comments from CEO
In 2021/22 we welcome more children, students and participants than ever before, demand for
Strong growth in higher vocational education
Record number of students start at our upper secondary schools
We are pleased to highlight that almost 16,000 year one students started at one of
Three new upper secondary schools also opened their doors:
Continued strategic development of Compulsory School Segment
A year ago, we renamed 28 units in our Compulsory School Segment. The aim was to clarify the educational offering to guardians and to enable schools with a common educational concept and similar working methods to work and develop together.
Since the name change, the cooperation between the schools with the same profile has worked well. The profiles have served as a solid base for joint development and enhanced cooperation which has benefited both staff and students. It has strengthened our conviction that this is the right strategy, and against that background we launched a new compulsory school profile, Innovitaskolan, shortly after the end of the quarter.
Innovitaskolan combine traditional teaching with modern tools and methods. 41 units, all former Pysslingenskolor, are part of Innovitaskolan. We are confident that Innovitaskolan make a good fit with our other four educational profiles, Noblaskolan, Montessori Mondial,
Rapid growth in our operations in
In
Ten years of transparent reporting on quality
On 21 October,
This reporting has provided a basis for analysis and improvements in the organisation, where we now make ongoing grade forecasts and conduct major training initiatives in grades and assessment for employees. Please read more about our quality report on page 11 in this interim report.
We would like to see the introduction of independent knowledge tests and digital centrally marked national tests in
The political debate intensifies
The 2022 elections in
The debate is centring on the need to improve the results of Swedish schools, and the need of schools to become more equal - in other words, that every student should have the same opportunities to achieve their goals. Most people agree that these are important issues; the disagreement is on how best to resolve them, and what the problems are due to.
Regulatory changes in the school sector take time, which is a good thing. In addition, no proposals currently have political majority. Schools need long-term solutions where responsible politicians and school providers (whether independent or municipal) can develop the system in the right direction. The Swedish education system is crucial if
Marcus Strömberg
President and CEO
Presentation of the report
To participate in the conference call, and thereby be able to ask questions, call one of the following numbers ten minutes before the start of the call:
SE: +46 8 5055 8374
US: +1 646 7224 903
You can follow the presentation and the conference on the following page: https://tv.streamfabriken.com/academedia-q1-2021-2022
The presentation material will be available before the conference begins on
https://academedia.se/en/investors/reports-and-presentations/ It will also be possible to access the recorded version of the webcast after it is finished on this page.
For more information, please contact:
Marcus Strömberg, CEO
Telephone: +46 8 794 4200
E-mail: marcus.stromberg@academedia.se
Telephone: +46-8 794 42 91
E-mail: katarina.wilson@academedia.se
About
This information is information that
https://news.cision.com/academedia-ab/r/academedia-s-interim-report-july---september-2021,c3443118
https://mb.cision.com/Main/14380/3443118/1488403.pdf
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