The Swedish Schools Inspectorate approves IES as the operator for new applications for permits to start additional compulsory schools
The Swedish Schools Inspectorate (Skolinspektionen) has decided to grant IES permits concerning new establishments of schools for grades F-9 in Trelleborg and Vårby.
These new permits pertain to establishments that have been announced for the autumn of 2022 and 2023. Permits have already been obtained from the Swedish Schools Inspectorate for those schools (Kungsbacka, Sigtuna, Solna and Värmdö) that will be opening in the autumn of 2021. Permits are a prerequisite to go further in the establishment process.
For more information, please contact:
Emma Rheborg, Head of Communications and IR, IES
Telephone: +46 (0)768 511 540
The information was submitted for publication, through the agency of the contact person set out above, on 18 September 2020 at 3:30 p.m. CEST.
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 operates schools for students in grades F-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 on the national tests in grade 9 are far above 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 targets.
Up to half of the teaching in IES schools in Sweden is in English, by native English speaking teachers. 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 in 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 2019/20, which concluded on 30 June 2020, total operating income was MSEK 3,082, an increase of some 11% year on year. As of 30 June 2020, there were approximately 204,900 applications in the waiting list 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 June 2020, the 10 largest shareholders also included Swedbank Robur fonder and Handelsbanken fonder.