Internationella Engelska Skolan 2019/20 Annual Report
Today, Internationella Engelska Skolan (IES) has published its 2019/20 annual report on the company’s website: https://corporate.engelska.se/
Anna Sörelius Nordenborg, CEO of IES comments: “The freedom to choose a school is one of the most important rights in a young person’s life, and the fantastic thing about the freedom to choose a school in Sweden is that everyone can select a school regardless of their financial situation. As such, this year’s annual and sustainability report focuses on what choosing a school means for both the individual and for society at large. Our annual report contains information such as what municipalities, researchers, principals, former and current students and employees think about the freedom to choose a school and what their school means for them.”
The printed annual report will be available in Swedish and English in the week beginning 16 November and can be ordered by writing to firstname.lastname@example.org
For more information, please contact:
Emma Rheborg, Head of Communication and IR, IES
Telephone: +46 (0)768 511 540
This information is such information that Internationella Engelska Skolan i Sverige Holdings II AB (publ) is obligated to publish in accordance with the Swedish Securities Market Act. The information was submitted for publication, through the agency of the above contacts, on 3 November 2020 at 10:00 CET.
About Internationella Engelska Skolan
Internationella Engelska Skolan, IES, is one of the leading free school operators in Sweden with some 28,000 students at 39 schools, and about 4,600 students at its schools in Spain.
IES Sweden conducts school operations from “förskoleklass” (grade F) up to the third and final year of upper secondary school (grade 12). Its main focus is grades 4-9, what is often called “middle school.” Within the compulsory school system in Sweden, IES is the leading independent operator, with 17 of the 20 largest free schools. IES’s results in the national tests for grade 9 are far above the average in Sweden.
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 is conducted in English by teachers whose native language is English. Over 900 teachers with qualified foreign teaching degrees are currently teaching in IES schools. They are mainly recruited from Canada, the USA, the UK and South Africa.
IES’s student base is growing strongly. Over the past ten years, total operating income has increased by an average of 16% per year. In the most recent financial year of 2019/2020, which ended on 30 June 2020, operating income amounted to MSEK 3,082, an approximate increase of 11% year-on-year. At 30 June 2020, there were approximately 204,900 applications in the queue to secure a place in the Swedish schools for current and forthcoming years.
Internationella Engelska Skolan has been listed on Nasdaq Stockholm Mid Cap, with the ticker ENG, since 2016.