Internationella Engelska Skolan to open a new school in Trelleborg
Internationella Engelska Skolan, IES, has signed a lease with Hemsö for a new school to be constructed in Trelleborg. The school is scheduled to open at the start of the 2022/23 academic year.
Trelleborg Municipality has, as part of its urban development planning, identified a need to strengthen integration and school results in the Fagerängen area and to increase the freedom of choice for students in Trelleborg. Internationella Engelska Skolan will be located just north of Fagerängen and adjacent to a municipal school. The municipality has chosen a location and size for the school that corresponds to the municipality’s needs. When fully developed, the school will accommodate approximately 700 students in grades F–9. Provided all the necessary permits are obtained, the queue for IES Trelleborg will open on 1 February 2021.
Anna Sörelius Nordenborg, CEO of Internationella Engelska Skolan, comments: “We look forward to being part Trelleborg’s regeneration of the Fagerängen area and providing greater opportunities for students to influence their future. Our new school in Trelleborg is an excellent example of how independent schools and municipalities can work together to strengthen school results and integration. IES has signed a 20-year lease agreement where IES takes on the full risk, i.e. there is no clause where we can leave the school early. We are proud of the trust placed in us and we look forward to contributing to the municipality’s education initiative with a school of high quality and international profile.”
“Schools and education is a key area for the municipality. It is important that our young people have more options so that they can build an even stronger future for themselves – this is a real milestone for the municipality,” says Mikael Rubin, Chair of the Municipal Board (Moderate Party), Trelleborg Municipality.
The contract is conditional on being granted a building permit and securing permission from the Swedish Schools Inspectorate.
For more information for the media and investors, please contact:
Emma Rheborg, Head of Communications & 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 23 April 2020 at 15:00. 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 4,800 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 December 2019, there were approximately 208,900 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.