Financial overview
SEK million, unless otherwise stated
| 2021/22 | 2020/21 | 2019/20 | 2018/19 | 2017/18 | 2016/17 | |
|---|---|---|---|---|---|---|
| Net sales | 14 339 | 13 340 | 12 271 | 11 715 | 10 810 | 9 520 |
| Items affecting comparability | -64 | -7 | 36 | 1 | -48 | -23 |
| EBITDA | 2 980 | 2 754 | 2 486 | 931 | 872 | 827 |
| Depreciation/amortization | -1 755 | -1 580 | -1 513 | -296 | -250 | -212 |
| Operating profit/loss (EBIT) | 1 224 | 1 174 | 973 | 635 | 622 | 615 |
| Net financial items | -441 | -402 | -417 | -69 | -68 | -80 |
| Profit/loss for the period before tax | 784 | 772 | 556 | 566 | 555 | 535 |
| Profit/loss for the period after tax | 605 | 599 | 431 | 431 | 430 | 416 |
| Balance sheet items, SEK m | ||||||
| Non-current assets | 17 024 | 15 773 | 15 262 | 8 218 | 7 823 | 6 574 |
| Current receivables and inventories | 704 | 662 | 710 | 976 | 860 | 695 |
| Cash and cash equivalents | 1 137 | 966 | 528 | 527 | 699 | 579 |
| Non-current interest-bearing liabilities | 747 | 1 850 | 1 914 | 2 205 | 2 209 | 2 200 |
| Long-term lease liability | 7 464 | 6 495 | 6 346 | - | - | - |
| Non-current non-interest-bearing liabilities | 187 | 162 | 207 | 305 | 135 | 114 |
| Current interest-bearing liabilities | 1 207 | 195 | 270 | 592 | 673 | 516 |
| Short-term lease liability | 1 180 | 1 077 | 1 010 | - | - | - |
| Current non-interest-bearing liabilities | 2 323 | 2 319 | 1 965 | 2 030 | 2 103 | 1 577 |
| Equity | 5 758 | 5 305 | 4 790 | 4 589 | 4 262 | 3 443 |
| Total assets | 18 864 | 17 401 | 16 500 | 9 720 | 9 383 | 7 849 |
| Capital employed | 8 181 | 7 705 | 7 232 | 7 386 | 7 144 | 6 158 |
| Net debt | 987 | 1 222 | 1 797 | 2 266 | 2 179 | 2 133 |
| Property adjusted net debt | 237 | 526 | 1 138 | 1 533 | 1 528 | 1 550 |
| Key ratios | ||||||
| Net sales, SEK m | 14 339 | 13 340 | 12 271 | 11 715 | 10 810 | 9 520 |
| Organic growth incl. Bolt-on acquisitions, % | 5,2% | 8,1% | 5,4% | 4,4% | 5,8% | 9,0% |
| Acquired growth, larger acquisitions, % | 1,6% | 1,6% | - | 3,2% | 7,9% | 0,8% |
| Change in currency, % | 0,8% | -1,1% | -0,7% | 0,8% | -0,1% | 0,8% |
| Operating margin (EBIT), % | 8,5% | 8,8% | 7,9% | 5,4% | 5,8% | 6,5% |
| Adjusted EBIT, SEK m | 1 001 | 939 | 728 | 634 | 670 | 638 |
| Adjusted EBIT margin, % | 7,0% | 7,0% | 5,9% | 5,4% | 6,2% | 6,7% |
| Adjusted EBITDA, SEK m | 1 398 | 1 295 | 1 066 | 930 | 920 | 850 |
| Adjusted EBIT margin, % | 9,7% | 9,7% | 8,7% | 7,9% | 8,5% | 8,9% |
| Net margin, % | 4,2% | 4,5% | 3,5% | 3,7% | 4,0% | 4,4% |
| Return on capital employed, %, (12 months) | 12,6% | 12,6% | 10,0% | 8,7% | 10,1% | 10,9% |
| Return on equity, %(12 months) | 12,0% | 13,3% | 11,6% | 9,7% | 11,2% | 12,9% |
| Equity/assets ratio, % | 55,3% | 53,3% | 51,4% | 47,2% | 45,4% | 43,9% |
| Interest coverage ratio, times | 31,6 | 27,9 | 15,9 | 12,5 | 10,9 | 9,4 |
| Net debt/Adjusted EBITDA (12 months) | 0,7 | 0,9 | 1,7 | 2,4 | 2,4 | 2,5 |
| Adjusted net debt/adjusted EBITDA (12 months) | 0,2 | 0,4 | 1,1 | 1,6 | 1,7 | 1,8 |
| Free cash flow | 922 | 1 117 | 805 | 356 | 688 | 658 |
| Cash flow from investing activities | -536 | -437 | -375 | -559 | -970 | -374 |
| Number of full-time employees | 13 829 | 13 360 | 12 686 | 12 405 | 11 863 | 10 564 |
SEK million, unless otherwise stated.
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About us
AcadeMedia creates opportunities for people to develop. Our 18,870 employees at our 700 units (preschools, primary schools, high schools, adult education) have a common focus on quality and development.