More children, students and adult education participants than ever attend one of AcadeMediaâs 650 units in Sweden, Norway and Germany. In the combined Annual and Sustainability report published today, the high paced development in Germany and efforts made within sustainability during the past year are highlighted.
AcadeMediaâs CEO Marcus Strömberg:
- An effective education system is vital for the development of society. AcadeMedia has close to 17,000 employees in the three countries where we operate. For all of us, this approach is a vital driver; we want to contribute to changing peopleâs lives for the better and creating sustainable societies in which every personâs right to education is upheld.
- The development in Germany deserves special mention. During the last fiscal year, we started nine new preschools there, which means that at the end of June 2019 we had 38 units in Germany. Growth there is extremely fast and we opened another six preschools during the first quarter of 19/20. Within a couple of years, the number of pre-school places at AcadeMedia's pre-schools in Germany will be over 6,000. It is extremely satisfying to see growth in Germany accelerating now, says Marcus Strömberg.
This year we have a more comprehensive sustainability report. The report is inspired by GRI, the Global Reporting Initiative. This means that we report according to a clear structure, see annual and sustainability report pages 48-49.
- Our most important contribution to a sustainable society is our core business â education is a prerequisite for social, economic, and environmental sustainability. At the same time we can not settle for that, our sustainability work must be even broader , says Marcus Strömberg.
- To be able to run our business, we must have employees who are happy and want to develop together with us. We must also be transparent towards the outside world, we must share our knowledge and our ability. Working with environmental and climate issues is a given. The past yearâs focus on these issues, not least among young people, has of course affected us as well as we meet these young people every day.
During the 2018/19 financial year, 179,500 children, students and participants attended one of AcadeMedia's units. The number of preschools, schools and adult education facilities was 657. Turnover was SEK 11.7 billion and profit was SEK 635 million. The Board of Directors has proposed to the Annual General Meeting a dividend of 1.25 per share.
AcadeMediaâs annual report for 2018/19 is now available on the corporate website. The Sustainability report is presented on pages 25-51.
A PDF-version of the annual report is also available as an attachment to this press release.
Shareholders and other interested parties who wish to receive a printed copy of the annual report may order it via email@example.com
Operational facts for the financial year 2018/19 (year average)
Number of employees: 16,900
Number of pre-schools in Sweden: 154
Number of pre-schools in Norway: 100
Number of pre-schools in Germany: 36
Number of compulsory schools: 74
Number of upper secondary schools: 143
Number of adult education units: 150
Financial key ratios
Net sales: SEK 11.7 billion
Operating profit: SEK 635 million
Profit for the year: SEK 431 million
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AcadeMedia creates opportunities for people to develop. The 16,900 employees at our 660 preschools, compulsory schools, upper secondary schools and adult education centres share a common focus on quality and development. Our 180,000 children and students are provided with a high quality education, giving them the best conditions to attain both learning objectives and their full potential as individuals. AcadeMedia is Northern Europe Ìs largest education company, with locations/facilities/presence in Sweden, Norway and Germany. Our size gives us the capacity to be a robust, long term partner to the communities we serve. More information about AcadeMedia is available on www.academedia.se.
This information is information that AcadeMedia AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 08:00 CET 25 October 2019