Brief: AcadeMedia Combines All Preschools Into One New Segment

AcadeMedia AB

14/06/2019 07:21

June 14 (Reuters) - AcadeMedia AB  ACADE.ST :
    * COMBINES ALL PRESCHOOLS IN ONE SEGMENT TO CAPITALISE ON
GROWTH
OPPORTUNITIES
    * ACADEMEDIA COMBINES ALL PRESCHOOLS IN ONE SEGMENT TO
CAPITALISE
ON GROWTH OPPORTUNITIES
    * PIPELINE INCLUDES AN ADDITIONAL 10-15 NEW OPENINGS PLANNED
FOR
FISCAL YEAR 2020/21
    * COMPULSORY SCHOOLS WILL BE A SEPARATE SEGMENT
    * ACADEMEDIA - REORGANISATION INCLUDES ALL PRESCHOOLS AND
MEANS
THAT ALL SWEDISH AND INTERNATIONAL PRESCHOOLS WILL BE COMBINED
IN ONE NEW SEGMENT WHICH WILL INCLUDE ABOUT 250 PRESCHOOLS
ACROSS SWEDEN, NORWAY AND GERMANY
    * ACADEMEDIA - SYNERGIES WILL PRIMARILY BE IN MANAGEMENT AND
SUPPORT FUNCTIONS AND AMOUNT TO APPROXIMATELY SEK 5 MILLION IN
2019/20
    * CURRENT OUR PIPELINE INCLUDES AN ADDITIONAL 10-15 NEW
OPENINGS
PLANNED FOR FISCAL YEAR 2020/21
    * MEASURED OVER ROLLING 12 MONTHS, NET SALES OF NEW SEGMENT
WILL
AMOUNT TO APPROXIMATELY SEK 3.5 BILLION AND HAS AN ADJUSTED
EBIT-MARGIN OF APPROXIMATELY 5 PERCENT
    * OVERALL GOAL IS TO ACHIEVE A HIGHER SALES GROWTH AND
MARGIN
    * NEW PRESCHOOL SEGMENT PLANS TO OPEN 10-15 NEW PRESCHOOLS
IN
GERMANY IN YEAR 2019/20

Source text for Eikon:  ID:nWkr1ffcY3 
Further company coverage:  ACADE.ST 

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