First quarter (July-September)
· Operating income increased 8.1% to MSEK 649.4 (600.7), of which organic growth amounted to 6.3% (7.0)
· The number of students in the Swedish schools at the end of the quarter was 28,088 (26,828)
· The number of registrations in the queue in
· EBIT amounted to MSEK 37.7 (54.6). Excl. IFRS 16, EBIT amounted to MSEK 17.7 (36.5)
· EBIT adjusted for non-recurring items of MSEK -2.5 (24.7) related to advisor costs as a result of the public takeover offer of IES and excl. IFRS 16 amounted to MSEK 20.2 (11.8)
· The adjusted EBIT margin excluding IFRS 16 was 3.1% (2.0)
· Loss for the quarter after tax totalled MSEK -0.2 (17.1) Excl. IFRS 16, profit amounted to MSEK 13.6 (29.3)
· Cash flow from operating activities for the quarter was MSEK 124.0 (98.6)
· Earnings per share before and after dilution amounted to
· A consortium led by Paradigm Capital Value Fund SICAV announced on
· In September, independent education researchers published a Policy Paper that measured school quality using the metric of "value added". This Paper shows that IES has higher value added than municipal schools in
After the end of the period
· In November, the offerors announced an increase of the offer from
· It was announced on 10 November that the offeror owns more than 90% of the shares in IES and had requested compulsory redemption. IES has applied for delisting from Nasdaq Stockholm
TELECONFERENCE IN CONNECTION WITH PUBLICATION OF THE QUARTERLY REPORT:
CEO Anna Sörelius Nordenborg and CFO
FOR MORE INFORMATION, PLEASE CONTACT:
Anna Sörelius Nordenborg, CEO, tel. +46 (0)709-90 38 21
This information is such information that
About Internationella Engelska Skolan
Internationella Engelska Skolan, IES, is one of the leading free school operators in
IES
Internationella Engelska Skolan was founded in 1993 and is in its 28th year of operation. Throughout this period, its schools have been defined by the three core convictions of its founder, Mrs. Barbara Bergström:
· A safe and orderly environment, where teachers can teach and students learn.
· To command the English language − the key to the world.
· High academic expectations and aspirations.
Up to half of the education in IES schools in
IES's student base is in growing strongly. Over the past ten years, total operating income has increased by an average of 20% per year. In the most recent financial year 2019/20, which concluded on
Internationella Engelska Skolan has been listed on Nasdaq Stockholm Mid Cap, with the ticker ENG, since 2016.
https://news.cision.com/internationella-engelska-skolan/r/internationella-engelska-skolan-interim-report-1-july-30-september-2020-2021,c3240716
https://mb.cision.com/Main/14803/3240716/1337810.pdf
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