AcadeMedia AB

ACAD

Equity

ISIN SE0007897079 / Valor 32822694

NASDAQ Nordic Exchange Stockholm, Equities (2024-12-23)

SEK 66.30-1.78%

AcadeMedia AB
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About company

AcadeMedia AB is the largest educational company in northern Europe, operating preschools, primary schools, upper secondary schools, and adult education institutions in Sweden, Norway, and Germany. The company's corporate structure consists of several subsidiaries, each with its own educational profile and brand. AcadeMedia has expanded through a combination of establishing its own businesses and acquiring existing educational institutions. The parent company, AcadeMedia AB, oversees all subsidiaries that hold school permits, ensuring clarity for students, employees, municipalities, and suppliers regarding the operations of each educational profile within the group.

Summarized from source with an LLMView SourceSector: Business Services

Revenue Growth

In the third quarter of the fiscal year 2023/24, AcadeMedia AB reported a significant increase in net sales, which rose by 10.0 percent to SEK 4,613 million compared to SEK 4,195 million in the same quarter of the previous year. This growth includes a strong organic growth component of 6.8 percent.

Profitability Enhancement

AcadeMedia AB's operating profit (EBIT) for the third quarter of 2023/24 improved to SEK 422 million from SEK 361 million in the corresponding quarter of the previous year, marking an increase of approximately 16.9%. This reflects the company's effective management and operational efficiency during the period.

Earnings Per Share Increase

The earnings per share (EPS) for AcadeMedia AB, after adjustments for IFRS 16, stood at SEK 2.30 in the third quarter of 2023/24, up from SEK 1.85 in the same quarter the previous year. This increase highlights the company's enhanced profitability and value generation for its shareholders.

Expansion into Finland

During the third quarter of 2023/24, AcadeMedia AB expanded its international presence by acquiring Touhula, a leading preschool operator in Finland. This acquisition includes 113 preschools serving 7,800 children and generating a turnover of approximately EUR 100 million, significantly bolstering AcadeMedia's footprint in the Nordic region.

Student Enrollment Growth

AcadeMedia AB saw a 5.4% increase in the number of children and students enrolled in its educational institutions during the third quarter of 2023/24, with figures reaching 104,421 compared to 99,076 in the same period last year. This growth indicates strong demand for AcadeMedia's educational offerings and its capability to attract more students.

Summarized from source with an LLMView Source

Key figures

32.9%1Y

20.8%3Y

19.7%5Y

Performance

24.2%1Y

29.4%3Y

32.5%5Y

Volatility