Internationella Engelska Skolan to open a new school in Norrtälje

Internationella Engelska Skolan, IES, has signed a rental agreement with Famera Fastigheter AB for a new school to be constructed in Norrtälje. The school is scheduled to open at the start of the 2023/2024 academic year.

IES Norrtälje is planned to be a school with two parallel classes for grades F–9 for a total of 600 students when completed. A schoolyard as well as a new sports facility will also be built adjacent to the school, which is centrally located with good transport links. The school will contribute to meeting the need for additional school places as identified by the municipality. Provided all the necessary permits are obtained, the queue for IES Norrtälje will open on 1 February 2022.

Anna Sörelius Nordenborg, CEO of Internationella Engelska Skolan, comments: “We are looking forward to, in cooperation with Norrtälje Municipality and Famera, constructing a new school and taking an active role in the local community. We are proud of the trust placed in us and we look forward to contributing to the Municipality’s education initiative with an international school of high quality. IES stands for a safe and orderly school environment and has high expectations of all students, regardless of background.”

“Internationella Engelska Skolan and Famera will complement Norrtälje’s school offering and will bring a sought-after and attractive international profile. I regard IES as a complement and not a competitor to our schools and I am pleased that this establishment has been marked by cooperation that has put the needs of Norrtälje’s residents in focus,” says Bino Drummond, Chair of the Municipal Board (Moderate Party) Norrtälje Municipality.

The contract is conditional on being granted a building permit and a permit from the Swedish Schools Inspectorate.

For more information for the media and investors, please contact:

Emma Rheborg, Head of Communications and IR, IES
Telephone: +46 (0)768-511 540
E-mail: emma.rheborg@engelska.se

For parents requesting information about queues and admission, please contact

E-mail: info@engelska.se

Website: www.engelska.se

This information is such information that Internationella Engelska Skolan i Sverige Holdings II AB (publ) is obligated to publish in accordance with the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the above contact, on 16 June 2020 at 13:00 CEST.

About Internationella Engelska Skolan

Internationella Engelska Skolan, IES, is one of the leading free school operators in Sweden with some 26,800 students at 37 schools. IES also owns seven bilingual schools in Spain with approximately 4,700 students.

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. The academic results of IES schools on the national tests in grade 9 are far above average in Sweden.

Internationella Engelska Skolan was founded in 1993 and is in its 27th 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 teaching 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.

The IES student base is growing strongly. Over the past ten years, total operating income has increased by an average of 19% per year. In the most recent financial year 2018/19, which concluded on 30 June 2019, total operating income was MSEK 2,781.1, an increase of some 18% year on year. As of 31 March 2020, there were approximately 218,500 applications in the queue to secure a place in the Swedish schools for the current and forthcoming years.

Internationella Engelska Skolan has been listed on Nasdaq Stockholm Mid Cap, with the ticker ENG, since 2016. The largest (indirect) shareholders of IES are TA Associates of the US, which has close affiliations to leading universities and trusts in the US, Barbara Bergström, the founder of IES, and Paradigm Capital AG through different funds. At the end of March 2020, the ten largest shareholders also included Swedbank Robur fonder and Handelsbanken fonder.