{"landingTab":{"active":false,"title":"Landing tab","url":"https:\/\/academedia.se\/om-oss\/investerare\/finansiell-information\/"},"pageTabs":[{"id":1056,"title":"Finansiella m\u00e5l","originalTitle":"Finansiella m\u00e5l","active":true,"originalContent":"\n

AcadeMedias \u00f6vergripande m\u00e5l \u00e4r att leverera den b\u00e4sta utbildningskvaliteten inom de omr\u00e5den som koncernen bedriver verksamhet. Denna kvalitet \u00e4r \u00e4ven nyckeln till att n\u00e5 de finansiella m\u00e5len.<\/p>\n\n\n\n

Fr\u00e5n 1 juli 2019 till\u00e4mpar AcadeMedia IFRS 16 Leasing. F\u00f6r\u00e4ndringen har materiellt p\u00e5verkan p\u00e5 r\u00f6relsemarginal och kapitalstruktur. De finansiella m\u00e5len har ej uppdaterats med anledning av IFRS 16 Leasing, och d\u00e4rf\u00f6r redovisas utfall mot m\u00e5len exklusive IFRS 16.<\/p>\n<\/div>\n\n\n\n

<\/h2>
<\/p><\/div>
5-7% Oms\u00e4ttnings- tillv\u00e4xt<\/h3>
AcadeMedias m\u00e5l \u00e4r att oms\u00e4ttningstillv\u00e4xten ska uppg\u00e5 till 5-7 procent per \u00e5r, exklusive st\u00f6rre f\u00f6rv\u00e4rv. Koncernen har f\u00f6r avsikt att v\u00e4xa organiskt med hj\u00e4lp av ledig kapacitet i befintliga enheter samt genom nystarter av enheter. Bolaget avser ocks\u00e5 att forts\u00e4tta v\u00e4xa genom \u00f6vertagande av utbildningsenheter samt fortsatt konsolidering av marknaden via f\u00f6rv\u00e4rv.<\/p><\/div>
7-8% R\u00f6relsemarginal<\/h3>
L\u00f6nsamhetsm\u00e5let f\u00f6r r\u00f6relseresultatet (EBIT) exklusive j\u00e4mf\u00f6relsest\u00f6rande poster och effekten h\u00e4nf\u00f6rlig till inf\u00f6randet av IFRS 16, \u00e4r att det \u00f6ver tid ska uppg\u00e5 till 7 till 8 procent av oms\u00e4ttningen.<\/p><\/div>
 Kapitalstruktur<\/h3>
Vi har som m\u00e5l att ha en r\u00e4nteb\u00e4rande nettoskuld i f\u00f6rh\u00e5llande till r\u00f6relseresultat f\u00f6re avskrivningar (EBITDA) exklusive j\u00e4mf\u00f6relsest\u00f6rande poster och effekt av IFRS 16 om maximalt tre g\u00e5nger. Under kortare perioder kan dock avvikelse fr\u00e5n detta m\u00e5l uppst\u00e5, exempelvis vid st\u00f6rre f\u00f6rv\u00e4rv. <\/p><\/div><\/div><\/div><\/section>\n<\/div>\n","chosen":false,"selected":false,"url":"https:\/\/academedia.se\/om-oss\/investerare\/finansiell-information\/finansiella-mal\/"},{"id":1066,"title":"Finansiell \u00f6versikt","originalTitle":"Finansiell \u00f6versikt","active":true,"originalContent":"\n
\n
MSEK, d\u00e4r ej annat anges<\/p>\n\n\n\n
<\/th> 2023\/24<\/th> 2022\/23<\/strong><\/th> 2021\/22<\/strong><\/th> 2020\/21<\/strong><\/th> 2019\/20<\/strong><\/th> 2018\/19<\/strong><\/th> 2017\/18<\/strong><\/th> 2012\/13<\/strong><\/th><\/tr><\/thead>
Net sales<\/td> 17 332<\/td> 15 539<\/td> 14 339<\/td> 13 340<\/td> 12 271<\/td> 11 715<\/td> 10 810<\/td> 5 125<\/td><\/tr>
Items affecting comparability<\/td> -17<\/td> -45<\/td> -64<\/td> -7<\/td> 36<\/td> 1<\/td> -48<\/td> -14<\/td><\/tr>
EBITDA<\/td> 3 649<\/td> 3 194<\/td> 2 980<\/td> 2 754<\/td> 2 486<\/td> 931<\/td> 872<\/td> 514<\/td><\/tr>
Depreciation\/amortization<\/td> -2 159<\/td> -1 924<\/td> -1 755<\/td> -1 580<\/td> -1 513<\/td> -296<\/td> -250<\/td> -139<\/td><\/tr>
Operating profit\/loss (EBIT)<\/td> 1 490<\/td> 1 270<\/td> 1 224<\/td> 1 174<\/td> 973<\/td> 635<\/td> 622<\/td> 376<\/td><\/tr>
Net financial items<\/td> -665<\/td> -511<\/td> -441<\/td> -402<\/td> -417<\/td> -69<\/td> -68<\/td> -255<\/td><\/tr>
Profit\/loss for the period before tax<\/td> 825<\/td> 759<\/td> 784<\/td> 772<\/td> 556<\/td> 566<\/td> 555<\/td> 121<\/td><\/tr>
Profit\/loss for the period after tax<\/td> 632<\/td> 578<\/td> 605<\/td> 599<\/td> 431<\/td> 431<\/td> 430<\/td> 128<\/td><\/tr>
Balance sheet items, SEK m<\/strong><\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td><\/tr>
Non-current assets<\/td> 20 450<\/td> 18 111<\/td> 17 024<\/td> 15 773<\/td> 15 262<\/td> 8 218<\/td> 7 823<\/td> 4 151<\/td><\/tr>
Current receivables and inventories<\/td> 964<\/td> 840<\/td> 704<\/td> 662<\/td> 710<\/td> 976<\/td> 860<\/td> 537<\/td><\/tr>
Cash and cash equivalents<\/td> 1 316<\/td> 967<\/td> 1 137<\/td> 966<\/td> 528<\/td> 527<\/td> 699<\/td> 338<\/td><\/tr>
Non-current interest-bearing liabilities<\/td> 1 666<\/td> 1 430<\/td> 747<\/td> 1 850<\/td> 1 914<\/td> 2 205<\/td> 2 209<\/td> 2 308<\/td><\/tr>
Long-term lease liability<\/td> 9 408<\/td> 8 203<\/td> 7 464<\/td> 6 495<\/td> 6 346<\/td> –<\/td> –<\/td> –<\/td><\/tr>
Non-current non-interest-bearing liabilities<\/td> 404<\/td> 175<\/td> 187<\/td> 162<\/td> 207<\/td> 305<\/td> 135<\/td> 88<\/td><\/tr>
Current interest-bearing liabilities<\/td> 446<\/td> 167<\/td> 1 207<\/td> 195<\/td> 270<\/td> 592<\/td> 673<\/td> 207<\/td><\/tr>
Short-term lease liability<\/td> 1 574<\/td> 1 309<\/td> 1 180<\/td> 1 077<\/td> 1 010<\/td> –<\/td> –<\/td> –<\/td><\/tr>
Current non-interest-bearing liabilities<\/td> 2 967<\/td> 2 501<\/td> 2 323<\/td> 2 319<\/td> 1 965<\/td> 2 030<\/td> 2 103<\/td> 857<\/td><\/tr>
Equity<\/td> 6 265<\/td> 6 134<\/td> 5 758<\/td> 5 305<\/td> 4 790<\/td> 4 589<\/td> 4 262<\/td> 1 566<\/td><\/tr>
Total assets<\/td> 22 729<\/td> 19 918<\/td> 18 864<\/td> 17 401<\/td> 16 500<\/td> 9 720<\/td> 9 383<\/td> 5 026<\/td><\/tr>
Capital employed<\/td> 9 105<\/td> 8 322<\/td> 8 181<\/td> 7 705<\/td> 7 232<\/td> 7 386<\/td> 7 144<\/td> 4 082<\/td><\/tr>
Net debt, incl IFRS 16<\/td> 11 778<\/td> 10 142<\/td> 9 460<\/td> 8 650<\/td> 9 011<\/td> 2 266<\/td> 2 179<\/td> 2 178<\/td><\/tr>
Net debt, excl IFRS 16<\/td> 1 020<\/td> 825<\/td> 987<\/td> 1 222<\/td> 1 797<\/td> 2 266<\/td> 2 179<\/td> 2 178<\/td><\/tr>
Property adjusted net debt<\/td> 327<\/td> 97<\/td> 237<\/td> 526<\/td> 1 138<\/td> 1 533<\/td> 1 528<\/td> 2 178<\/td><\/tr>
Key ratios<\/strong><\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td><\/tr>
Net sales, SEK m<\/td> 17 332<\/td> 15 539<\/td> 14 339<\/td> 13 340<\/td> 12 271<\/td> 11 715<\/td> 10 810<\/td> 5 125<\/td><\/tr>
Organic growth incl. Bolt-on acquisitions, %<\/td> 7,3%<\/td> 6,0%<\/td> 5,20%<\/td> 8,10%<\/td> 5,40%<\/td> 4,40%<\/td> 5,80%<\/td> –<\/td><\/tr>
Acquired growth, larger acquisitions, %<\/td> 4,4%<\/td> 1,9%<\/td> 1,60%<\/td> 1,60%<\/td> –<\/td> 3,20%<\/td> 7,90%<\/td> –<\/td><\/tr>
Change in currency, %<\/td> -0,1%<\/td> 0,5%<\/td> 0,80%<\/td> -1,10%<\/td> -0,70%<\/td> 0,80%<\/td> -0,10%<\/td> –<\/td><\/tr>
Operating margin (EBIT), %<\/td> 8,6%<\/td> 8,2%<\/td> 8,50%<\/td> 8,80%<\/td> 7,90%<\/td> 5,40%<\/td> 5,80%<\/td> 7.3%<\/td><\/tr>
Adjusted EBIT, SEK m<\/td> 1 097<\/td> 964<\/td> 1 001<\/td> 939<\/td> 728<\/td> 634<\/td> 670<\/td> 389<\/td><\/tr>
Adjusted EBIT margin, %<\/td> 6,3%<\/td> 6,2%<\/td> 7,00%<\/td> 7,00%<\/td> 5,90%<\/td> 5,40%<\/td> 6,20%<\/td> 7.6%<\/td><\/tr>
Adjusted EBITDA, SEK m<\/td> 1 600<\/td> 1 422<\/td> 1 398<\/td> 1 295<\/td> 1 066<\/td> 930<\/td> 920<\/td> 528<\/td><\/tr>
Adjusted EBIT margin, %<\/td> 9,2%<\/td> 9,2%<\/td> 9,70%<\/td> 9,70%<\/td> 8,70%<\/td> 7,90%<\/td> 8,50%<\/td> 10.3%<\/td><\/tr>
Net margin, %<\/td> 3,6%<\/td> 3,7%<\/td> 4,20%<\/td> 4,50%<\/td> 3,50%<\/td> 3,70%<\/td> 4,00%<\/td> 2.5%<\/td><\/tr>
Return on capital employed, %, (12 months)<\/td> 12,8%<\/td> 11,8%<\/td> 12,60%<\/td> 12,60%<\/td> 10,00%<\/td> 8,70%<\/td> 10,10%<\/td> 9.8%<\/td><\/tr>
Return on equity, %(12 months)<\/td> 11,1%<\/td> 10,7%<\/td> 12,00%<\/td> 13,30%<\/td> 11,60%<\/td> 9,70%<\/td> 11,20%<\/td> 8.5%<\/td><\/tr>
Equity\/assets ratio, % incl IFRS 16<\/td> 27,6%<\/td> 30,8%<\/td> 30,5%<\/td> 30,5%<\/td> 29,0%<\/td> –<\/td> –<\/td> –<\/td><\/tr>
Equity\/assets ratio, % excl IFRS 16<\/td> 53,0%<\/td> 57,9%<\/td> 55,30%<\/td> 53,30%<\/td> 51,40%<\/td> 47,20%<\/td> 45,40%<\/td> 31.2%<\/td><\/tr>
Interest coverage ratio, times<\/td> 10,5<\/td> 15,6<\/td> 31,6<\/td> 27,9<\/td> 15,9<\/td> 12,5<\/td> 10,9<\/td> 1.8<\/td><\/tr>
Net debt\/Adjusted EBITDA (12 months) including IFRS 16<\/td> 3,2<\/td> 3,1<\/td> 3,1<\/td> 3,1<\/td> 3,7<\/td> –<\/td> –<\/td> –<\/td><\/tr>
Net debt\/Adjusted EBITDA (12 months) excl IFRS 16<\/td> 0,6<\/td> 0,6<\/td> 0,7<\/td> 0,9<\/td> 1,7<\/td> 2,4<\/td> 2,4<\/td> 4.1<\/td><\/tr>
Adjusted net debt\/adjusted EBITDA (12 months)<\/td> 0,2<\/td> 0,1<\/td> 0,2<\/td> 0,4<\/td> 1,1<\/td> 1,6<\/td> 1,7<\/td> 4.1<\/td><\/tr>
Debt ratio, incl IFRS 16<\/td> 55,0%<\/td> 53,5%<\/td> 53,4%<\/td> 52,6%<\/td> 56,4%<\/td> –<\/td> –<\/td> –<\/td><\/tr>
Debt ratio, excl. IFRS 16<\/td> 8,9%<\/td> 8,0%<\/td> 10,1%<\/td> 13,0%<\/td> 19,9%<\/td> –<\/td> –<\/td> –<\/td><\/tr>
Free cash flow<\/td> 1 124<\/td> 792<\/td> 922<\/td> 1 117<\/td> 805<\/td> 356<\/td> 688<\/td> –<\/td><\/tr>
Cash flow from investing activities<\/td> -871<\/td> -481<\/td> -536<\/td> -437<\/td> -375<\/td> -559<\/td> -970<\/td> -95<\/td><\/tr>
Number of full-time employees<\/td> 15 428<\/td> 14 459<\/td> 13 829<\/td> 13 360<\/td> 12 686<\/td> 12 405<\/td> 11 863<\/td> <\/td><\/tr>
<\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
MSEK, d\u00e4r ej annat anges<\/p>\n<\/div>\n","chosen":false,"selected":false,"url":"https:\/\/academedia.se\/om-oss\/investerare\/finansiell-information\/finansiell-oversikt\/"},{"id":1074,"title":"S\u00e4songsvariationer","originalTitle":"S\u00e4songsvariationer","active":true,"originalContent":"\n
\n
V\u00e5ra fyra segment har olika s\u00e4songsvariationer. De tre skolsegmenten har en \u00e5terkommande s\u00e4songsvariation som typiskt sett inneb\u00e4r att f\u00f6rsta halv\u00e5ret, juli till december, \u00e4r svagare b\u00e5de sett till oms\u00e4ttning och resultat.<\/p>\n\n\n\n
Det beror fr\u00e4mst p\u00e5 lov och semestrar samt den \u00e5rliga l\u00f6nerevisionen. Andra halv\u00e5ret, januari till juni, \u00e4r starkare d\u00e5 oms\u00e4ttningen typiskt sett \u00f6kar till f\u00f6ljd av de \u00e5rliga skolpengsrevideringar samt fler barn och elever. samtidigt som Vuxenutbildningssegmentet har en mer oregelbunden s\u00e4songsvariation, men med en stabil portf\u00f6lj \u00e4r typiskt sett \u00e4r Q4 och Q1 mindre kvartal medan Q2 och Q3 \u00e4r starkare kvartal p\u00e5 grund av f\u00f6rdelningen av antalet utbildningsdagar under \u00e5ret. S\u00e4songsvariationen inom vuxenutbildningssegmentet kan dock f\u00e5 kraftiga avvikelser fr\u00e5n detta i samband med att st\u00f6rre kontraktsomst\u00e4llningar eller implementering av samh\u00e4llssatsningar.<\/p>\n\n\n\n
Nedan \u00e4r en sammanst\u00e4llning \u00f6ver de viktigaste h\u00e4ndelserna som driver s\u00e4songsvariationen f\u00f6r oss under \u00e5ret. Beskrivningen av v\u00e5ra s\u00e4songsvariationer \u00e4r en redog\u00f6relse baserat p\u00e5 erfarenheter och ordinarie m\u00f6nster. Covid-19 har haft en stor inverkan p\u00e5 v\u00e5r verksamhet varp\u00e5 2019\/20 blev speciellt. Ur ett ekonomiskt perspektiv var effekten dock begr\u00e4nsad. <\/p>\n\n\n\n
<\/h2>
<\/p><\/div>
\n

<\/th>	2023\/24<\/th>	2022\/23<\/strong><\/th>	2021\/22<\/strong><\/th>	2020\/21<\/strong><\/th>	2019\/20<\/strong><\/th>	2018\/19<\/strong><\/th>	2017\/18<\/strong><\/th>	2012\/13<\/strong><\/th><\/tr><\/thead>
Net sales<\/td>	17 332<\/td>	15 539<\/td>	14 339<\/td>	13 340<\/td>	12 271<\/td>	11 715<\/td>	10 810<\/td>	5 125<\/td><\/tr>
Items affecting comparability<\/td>	-17<\/td>	-45<\/td>	-64<\/td>	-7<\/td>	36<\/td>	1<\/td>	-48<\/td>	-14<\/td><\/tr>
EBITDA<\/td>	3 649<\/td>	3 194<\/td>	2 980<\/td>	2 754<\/td>	2 486<\/td>	931<\/td>	872<\/td>	514<\/td><\/tr>
Depreciation\/amortization<\/td>	-2 159<\/td>	-1 924<\/td>	-1 755<\/td>	-1 580<\/td>	-1 513<\/td>	-296<\/td>	-250<\/td>	-139<\/td><\/tr>
Operating profit\/loss (EBIT)<\/td>	1 490<\/td>	1 270<\/td>	1 224<\/td>	1 174<\/td>	973<\/td>	635<\/td>	622<\/td>	376<\/td><\/tr>
Net financial items<\/td>	-665<\/td>	-511<\/td>	-441<\/td>	-402<\/td>	-417<\/td>	-69<\/td>	-68<\/td>	-255<\/td><\/tr>
Profit\/loss for the period before tax<\/td>	825<\/td>	759<\/td>	784<\/td>	772<\/td>	556<\/td>	566<\/td>	555<\/td>	121<\/td><\/tr>
Profit\/loss for the period after tax<\/td>	632<\/td>	578<\/td>	605<\/td>	599<\/td>	431<\/td>	431<\/td>	430<\/td>	128<\/td><\/tr>
Balance sheet items, SEK m<\/strong><\/td>	<\/td>	<\/td>	<\/td>	<\/td>	<\/td>	<\/td>	<\/td>	<\/td><\/tr>
Non-current assets<\/td>	20 450<\/td>	18 111<\/td>	17 024<\/td>	15 773<\/td>	15 262<\/td>	8 218<\/td>	7 823<\/td>	4 151<\/td><\/tr>
Current receivables and inventories<\/td>	964<\/td>	840<\/td>	704<\/td>	662<\/td>	710<\/td>	976<\/td>	860<\/td>	537<\/td><\/tr>
Cash and cash equivalents<\/td>	1 316<\/td>	967<\/td>	1 137<\/td>	966<\/td>	528<\/td>	527<\/td>	699<\/td>	338<\/td><\/tr>
Non-current interest-bearing liabilities<\/td>	1 666<\/td>	1 430<\/td>	747<\/td>	1 850<\/td>	1 914<\/td>	2 205<\/td>	2 209<\/td>	2 308<\/td><\/tr>
Long-term lease liability<\/td>	9 408<\/td>	8 203<\/td>	7 464<\/td>	6 495<\/td>	6 346<\/td>	–<\/td>	–<\/td>	–<\/td><\/tr>
Non-current non-interest-bearing liabilities<\/td>	404<\/td>	175<\/td>	187<\/td>	162<\/td>	207<\/td>	305<\/td>	135<\/td>	88<\/td><\/tr>
Current interest-bearing liabilities<\/td>	446<\/td>	167<\/td>	1 207<\/td>	195<\/td>	270<\/td>	592<\/td>	673<\/td>	207<\/td><\/tr>
Short-term lease liability<\/td>	1 574<\/td>	1 309<\/td>	1 180<\/td>	1 077<\/td>	1 010<\/td>	–<\/td>	–<\/td>	–<\/td><\/tr>
Current non-interest-bearing liabilities<\/td>	2 967<\/td>	2 501<\/td>	2 323<\/td>	2 319<\/td>	1 965<\/td>	2 030<\/td>	2 103<\/td>	857<\/td><\/tr>
Equity<\/td>	6 265<\/td>	6 134<\/td>	5 758<\/td>	5 305<\/td>	4 790<\/td>	4 589<\/td>	4 262<\/td>	1 566<\/td><\/tr>
Total assets<\/td>	22 729<\/td>	19 918<\/td>	18 864<\/td>	17 401<\/td>	16 500<\/td>	9 720<\/td>	9 383<\/td>	5 026<\/td><\/tr>
Capital employed<\/td>	9 105<\/td>	8 322<\/td>	8 181<\/td>	7 705<\/td>	7 232<\/td>	7 386<\/td>	7 144<\/td>	4 082<\/td><\/tr>
Net debt, incl IFRS 16<\/td>	11 778<\/td>	10 142<\/td>	9 460<\/td>	8 650<\/td>	9 011<\/td>	2 266<\/td>	2 179<\/td>	2 178<\/td><\/tr>
Net debt, excl IFRS 16<\/td>	1 020<\/td>	825<\/td>	987<\/td>	1 222<\/td>	1 797<\/td>	2 266<\/td>	2 179<\/td>	2 178<\/td><\/tr>
Property adjusted net debt<\/td>	327<\/td>	97<\/td>	237<\/td>	526<\/td>	1 138<\/td>	1 533<\/td>	1 528<\/td>	2 178<\/td><\/tr>
Key ratios<\/strong><\/td>	<\/td>	<\/td>	<\/td>	<\/td>	<\/td>	<\/td>	<\/td>	<\/td><\/tr>
Net sales, SEK m<\/td>	17 332<\/td>	15 539<\/td>	14 339<\/td>	13 340<\/td>	12 271<\/td>	11 715<\/td>	10 810<\/td>	5 125<\/td><\/tr>
Organic growth incl. Bolt-on acquisitions, %<\/td>	7,3%<\/td>	6,0%<\/td>	5,20%<\/td>	8,10%<\/td>	5,40%<\/td>	4,40%<\/td>	5,80%<\/td>	–<\/td><\/tr>
Acquired growth, larger acquisitions, %<\/td>	4,4%<\/td>	1,9%<\/td>	1,60%<\/td>	1,60%<\/td>	–<\/td>	3,20%<\/td>	7,90%<\/td>	–<\/td><\/tr>
Change in currency, %<\/td>	-0,1%<\/td>	0,5%<\/td>	0,80%<\/td>	-1,10%<\/td>	-0,70%<\/td>	0,80%<\/td>	-0,10%<\/td>	–<\/td><\/tr>
Operating margin (EBIT), %<\/td>	8,6%<\/td>	8,2%<\/td>	8,50%<\/td>	8,80%<\/td>	7,90%<\/td>	5,40%<\/td>	5,80%<\/td>	7.3%<\/td><\/tr>
Adjusted EBIT, SEK m<\/td>	1 097<\/td>	964<\/td>	1 001<\/td>	939<\/td>	728<\/td>	634<\/td>	670<\/td>	389<\/td><\/tr>
Adjusted EBIT margin, %<\/td>	6,3%<\/td>	6,2%<\/td>	7,00%<\/td>	7,00%<\/td>	5,90%<\/td>	5,40%<\/td>	6,20%<\/td>	7.6%<\/td><\/tr>
Adjusted EBITDA, SEK m<\/td>	1 600<\/td>	1 422<\/td>	1 398<\/td>	1 295<\/td>	1 066<\/td>	930<\/td>	920<\/td>	528<\/td><\/tr>
Adjusted EBIT margin, %<\/td>	9,2%<\/td>	9,2%<\/td>	9,70%<\/td>	9,70%<\/td>	8,70%<\/td>	7,90%<\/td>	8,50%<\/td>	10.3%<\/td><\/tr>
Net margin, %<\/td>	3,6%<\/td>	3,7%<\/td>	4,20%<\/td>	4,50%<\/td>	3,50%<\/td>	3,70%<\/td>	4,00%<\/td>	2.5%<\/td><\/tr>
Return on capital employed, %, (12 months)<\/td>	12,8%<\/td>	11,8%<\/td>	12,60%<\/td>	12,60%<\/td>	10,00%<\/td>	8,70%<\/td>	10,10%<\/td>	9.8%<\/td><\/tr>
Return on equity, %(12 months)<\/td>	11,1%<\/td>	10,7%<\/td>	12,00%<\/td>	13,30%<\/td>	11,60%<\/td>	9,70%<\/td>	11,20%<\/td>	8.5%<\/td><\/tr>
Equity\/assets ratio, % incl IFRS 16<\/td>	27,6%<\/td>	30,8%<\/td>	30,5%<\/td>	30,5%<\/td>	29,0%<\/td>	–<\/td>	–<\/td>	–<\/td><\/tr>
Equity\/assets ratio, % excl IFRS 16<\/td>	53,0%<\/td>	57,9%<\/td>	55,30%<\/td>	53,30%<\/td>	51,40%<\/td>	47,20%<\/td>	45,40%<\/td>	31.2%<\/td><\/tr>
Interest coverage ratio, times<\/td>	10,5<\/td>	15,6<\/td>	31,6<\/td>	27,9<\/td>	15,9<\/td>	12,5<\/td>	10,9<\/td>	1.8<\/td><\/tr>
Net debt\/Adjusted EBITDA (12 months) including IFRS 16<\/td>	3,2<\/td>	3,1<\/td>	3,1<\/td>	3,1<\/td>	3,7<\/td>	–<\/td>	–<\/td>	–<\/td><\/tr>
Net debt\/Adjusted EBITDA (12 months) excl IFRS 16<\/td>	0,6<\/td>	0,6<\/td>	0,7<\/td>	0,9<\/td>	1,7<\/td>	2,4<\/td>	2,4<\/td>	4.1<\/td><\/tr>
Adjusted net debt\/adjusted EBITDA (12 months)<\/td>	0,2<\/td>	0,1<\/td>	0,2<\/td>	0,4<\/td>	1,1<\/td>	1,6<\/td>	1,7<\/td>	4.1<\/td><\/tr>
Debt ratio, incl IFRS 16<\/td>	55,0%<\/td>	53,5%<\/td>	53,4%<\/td>	52,6%<\/td>	56,4%<\/td>	–<\/td>	–<\/td>	–<\/td><\/tr>
Debt ratio, excl. IFRS 16<\/td>	8,9%<\/td>	8,0%<\/td>	10,1%<\/td>	13,0%<\/td>	19,9%<\/td>	–<\/td>	–<\/td>	–<\/td><\/tr>
Free cash flow<\/td>	1 124<\/td>	792<\/td>	922<\/td>	1 117<\/td>	805<\/td>	356<\/td>	688<\/td>	–<\/td><\/tr>
Cash flow from investing activities<\/td>	-871<\/td>	-481<\/td>	-536<\/td>	-437<\/td>	-375<\/td>	-559<\/td>	-970<\/td>	-95<\/td><\/tr>
Number of full-time employees<\/td>	15 428<\/td>	14 459<\/td>	13 829<\/td>	13 360<\/td>	12 686<\/td>	12 405<\/td>	11 863<\/td>	<\/td><\/tr>
<\/td>	<\/td>	<\/td>	<\/td>	<\/td>	<\/td>	<\/td>	<\/td>	<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n MSEK, d\u00e4r ej annat anges<\/p>\n<\/div>\n","chosen":false,"selected":false,"url":"https:\/\/academedia.se\/om-oss\/investerare\/finansiell-information\/finansiell-oversikt\/"},{"id":1074,"title":"S\u00e4songsvariationer","originalTitle":"S\u00e4songsvariationer","active":true,"originalContent":"\n \n V\u00e5ra fyra segment har olika s\u00e4songsvariationer. De tre skolsegmenten har en \u00e5terkommande s\u00e4songsvariation som typiskt sett inneb\u00e4r att f\u00f6rsta halv\u00e5ret, juli till december, \u00e4r svagare b\u00e5de sett till oms\u00e4ttning och resultat.<\/p>\n\n\n\n Det beror fr\u00e4mst p\u00e5 lov och semestrar samt den \u00e5rliga l\u00f6nerevisionen. Andra halv\u00e5ret, januari till juni, \u00e4r starkare d\u00e5 oms\u00e4ttningen typiskt sett \u00f6kar till f\u00f6ljd av de \u00e5rliga skolpengsrevideringar samt fler barn och elever. samtidigt som Vuxenutbildningssegmentet har en mer oregelbunden s\u00e4songsvariation, men med en stabil portf\u00f6lj \u00e4r typiskt sett \u00e4r Q4 och Q1 mindre kvartal medan Q2 och Q3 \u00e4r starkare kvartal p\u00e5 grund av f\u00f6rdelningen av antalet utbildningsdagar under \u00e5ret. S\u00e4songsvariationen inom vuxenutbildningssegmentet kan dock f\u00e5 kraftiga avvikelser fr\u00e5n detta i samband med att st\u00f6rre kontraktsomst\u00e4llningar eller implementering av samh\u00e4llssatsningar.<\/p>\n\n\n\n Nedan \u00e4r en sammanst\u00e4llning \u00f6ver de viktigaste h\u00e4ndelserna som driver s\u00e4songsvariationen f\u00f6r oss under \u00e5ret. Beskrivningen av v\u00e5ra s\u00e4songsvariationer \u00e4r en redog\u00f6relse baserat p\u00e5 erfarenheter och ordinarie m\u00f6nster. Covid-19 har haft en stor inverkan p\u00e5 v\u00e5r verksamhet varp\u00e5 2019\/20 blev speciellt. Ur ett ekonomiskt perspektiv var effekten dock begr\u00e4nsad. <\/p>\n\n\n\n <\/h2> <\/p><\/div> \n

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