The number of children and students in AcadeMedia’s three school segments
increases with 4.9 percent during the first quarter of 2016/17 compared to the
corresponding period last year.
This means that the average number of children and students attending one of the
company’s preschools or schools is 65 143 (62 103) during the quarter. The
numbers are preliminary.
At the beginning of the fall semester one preschool in Sweden and three in
Norway were opened. Several units also expanded their capacity. A smaller
preschool was acquired in Norway.
The Pre- and compulsory school segment increases the average number of children
and students by 4.5 percent to 30 613 (29 286) during the first quarter. The
Upper secondary school segment increases the average number of students by 2.2
percent to 25 802 (25 244) in the first quarter. Preschool international is the
segment which shows the strongest growth, 15.2 per cent, to 8 727 (7 573) as a
result of the Joki-acquisition and other acquisitions and start-ups in Norway.
"It's encouraging to see a continued stable development in the number of
children and students. This is a sign that students and parents appreciate the
education that we provide and choose our schools." Say AcadeMedia’s CEO Marcus
Strömberg.
For more information, please contact:
Marcus Strömberg, CEO
Telephone: +46 8 794 4200
E-mail: marcus.stromberg@academedia.se
Eola Änggård Runsten, CFO
Telephone: +46 8 794 4240
E-mail: eola.runsten@academedia.se
Christian Hall, Investor Relations
Telephone: +46 763-111 242
E-mail: christian.hall@academedia.se
About AcadeMedia
AcadeMedia is the leading and single largest independent education provider in
northern Europe. In 2015/16, approximately 63 000 children and students attended
AcadeMedia’s preschools, compulsory schools and upper secondary schools. An
additional 80 000 individuals participated in AcadeMedia’s adult education
courses. In 2015/16, AcadeMedia had approximately 425 preschools, compulsory
schools and upper secondary schools in Sweden and Norway and approximately 150
adult education units in Sweden. Since February 2016 AcadeMedia also operates
seven preschools in the Munich region of Germany. AcadeMedia has operations
throughout the education chain, from preschool, compulsory school and upper
secondary school to adult education. More information about AcadeMedia is
available on www.academedia.se
This information is information that AcadeMedia AB is obliged to make public
pursuant to the EU Market Abuse Regulation. The information was submitted for
publication, through the agency of the contact person set out above, at 08:00
CET on September 30 2016.
