Fourth quarter (April -
- Net sales increased by 4.9 percent and amounted to
SEK 3,851 million (3,672). Organic growth, including bolt-on acquisitions, was 3.7 percent. -
Operating profit (EBIT) amounted to
SEK 337 million (330). -
Adjusted operating profit, adjusted for items affecting comparability and effects of IFRS 16, amounted to
SEK 279 million (281), in line with the preliminary result published on20 July 2022 . Items affecting comparability amounted toSEK -14 million (-14). -
Net profit for the period amounted to
SEK 164 million (181). -
Diluted earnings per share was
SEK 1.55 (1.70). Adjusted for IFRS 16, diluted earnings per share wasSEK 1.77 (1.90). - The average number of children and students in preschool, compulsory school, and upper secondary school during the fourth quarter was 93,308 (90,032), an increase of 3.6 percent.
-
After the end of the reporting period,
Academedia has entered a new loan agreement.
Full year (
- Net sales increased by 7.5 percent to
SEK 14,339 million (13,340). Organic growth, including bolt-on acquisitions, was 5.2 percent. -
Operating profit (EBIT) amounted to
SEK 1,224 million (1,174). -
Operating profit, adjusted for items affecting comparability and effects of IFRS 16, amounted to
SEK 1,001 million (939). Items affecting comparability amounted toSEK -64 million (-7). -
Net profit for the period amounted to
SEK 605 million (599). -
Diluted earnings per share was
SEK 5.72 (5.62). Adjusted for IFRS 16, diluted earnings per share wasSEK 6.54 (6.52). - The average number of children and students in preschool, compulsory school, and upper secondary school during year was 92,549 (87,823), representing an increase of 5.4 percent.
-
The Board proposes dividend of
1.75 SEK (1.75) per share.
The complete report will be made available at
https://academedia.se/en/investors/reports-and-presentations/
Comments from CEO
The 2021/22 financial year can be summarized as one of our strongest ever. The number of children and students in the school segments increased by 5.4 percent and net sales grew by 7.5 percent, even though the Adult Education Segment was affected by a return to more normal participant volumes. Organic sales growth during the year was just over 5 percent.
Operating profit in the fourth quarter remained stable and in line with last year despite lower participant volumes in the Adult Education Segment and lower profitability in our Norwegian preschool operations. Student numbers in the Compulsory and Upper Secondary School Segments continued to show good growth. After two years of the pandemic, over 100,000 parents and relatives of students at
Investment in new campuses and vocational education
Demand for places at our upper secondary schools remains high. With a strong and broad portfolio, we are well positioned to fill both our established and new upper secondary schools this autumn.
16 new units opened in
The need and thus the demand for new preschool places in
We are also very pleased that during the quarter we added a fourth country,
Economic cycles affect adult education
The strong demand for labour after the pandemic has affected adult education in the spring. Many students are gaining employment, which is positive, and we are now approaching normal participation levels in adult education. Our operations have adjusted to the new levels during the spring, and we expect demand to remain stable this autumn. Rising inflation and interest rates could lead to a recession, which in turn would increase demand for adult education. We have a leading position in higher vocational education and the demand for vocational training remains high. We anticipate continued allocation of national resources to vocational education.
A leading educator in game development
After the end of the quarter,
Our highest admissions figures to date
Preliminary numbers for autumn 2022 show an overall average growth in student numbers of approximately five percent for our three school segments to approximately 96,000 (91,431) children and students. More than 16,000 of these are in the first year of upper secondary school. We look forward to following them all through their schooling.
The independent school sector is larger than ever
There has been a heated debate in
As we sum up one of our strongest years ever, we would like to express our gratitude to our staff and also to all the parents who place their trust in us to educate their children for a better future.
Marcus Strömberg
President and CEO
Presentation of the report
A web-cast telephone conference will be held at
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 8 505 583 75
US: +1 6467 2249 02
You can follow the presentation and the conference on the following page:
https://tv.streamfabriken.com/academedia-q4-2021-2022
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
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https://news.cision.com/academedia-ab/r/academedia-s-year-end-report-july-2021---april-2022,c3622524
https://mb.cision.com/Main/14380/3622524/1620680.pdf
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