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INTERNATIONELLA ENGELSKA SKOLAN YEAR-END REPORT 1 JULY–30 JUNE 2019/2020

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Fourth quarter (April–June)

  • Operating income increased 7.1% to MSEK 810.2 (756.5), of which organic growth amounted to 3.5%
  • The number of students in the Swedish schools at the end of the quarter was 26,725 (25,536)
  • The number of registrations in the queue in Sweden at the end of the quarter was about 204,900 (191,700)
  • EBIT amounted to MSEK 89.3 (71.0). Excl. IFRS 16, EBIT amounted to MSEK 77.4 (71.0)
  • EBIT adjusted for non-recurring items of MSEK –1.0 (–) related to the Spanish acquisitions and excl. IFRS 16 amounted to MSEK 78.4 (71.0).
  • The adjusted EBIT margin excluding IFRS 16 was 9.7% (9.4).
  • Profit for the quarter after tax totalled MSEK 31.5 (54.3). Excl. IFRS 16, profit amounted to MSEK 45.9 (54.3)
  • Cash flow from operating activities for the quarter was MSEK 293.7 (104.4)
  • Earnings per share before and after dilution amounted to SEK 0.78 (1.35)
  • New rental contracts were signed for new schools for grades F-9 in Trelleborg and Staffanstorp scheduled to open in 2022/23 and in Norrtälje in 2023/24
  • The Board revised and adjusted the financial targets

     Full-year (July–June)

  • Operating income increased 10.8% to MSEK 3,082.0 (2,781.1), of which organic growth amounted to 7.8%
  • EBIT amounted to MSEK 392.8 (208.6). Excluding the effects of the introduction of IFRS 16, EBIT amounted to MSEK 323.1 (208.6)
  • EBIT adjusted for non-recurring items of MSEK 77.5 (–6.4) related to the sale and acquisitions of Spanish schools and excl. IFRS 16 amounted to MSEK 245.6 (215.0).
  • The adjusted EBIT margin excluding IFRS 16 was 8.0% (7.7).
  • Profit for the year after tax totalled MSEK 215.3 (154.6). Excl. IFRS 16, profit amounted to MSEK 265.8 (154.6)
  • Cash flow from operating activities for the year was MSEK 586.9 (304.4)
  • Earnings per share before and after dilution amounted to SEK 5.37 (3.85)
  • Acquisition of two Spanish private schools: Colegio Joyfe and Colegio Zaragoza
  • Proposed dividend of SEK 0.00 per share (1.16)

 
TELECONFERENCE IN CONNECTION WITH PUBLICATION OF THE QUARTERLY REPORT:
CEO Anna Sörelius Nordenborg and Head of IR Emma Rheborg will be holding a teleconference today, Wednesday 26 August, at 10:00 a.m. CEST in connection with publication of the year-end report. The teleconference will be held in English. To participate in the teleconference, call the following number:
+46 (0)8-566 426 51 and then press 84744646#. The presentation material is available on IES’s website: http://corporate.engelska.se

 
FOR MORE INFORMATION, PLEASE CONTACT:
Emma Rheborg, Head of Communications & IR, tel. +46 (0)768-511 540
Anna Sörelius Nordenborg, CEO, tel. +46 (0)709-90 38 21

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 contact people set out above, on 26 August 2020 at 8:00 am. CEST.

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