Brief: AcadeMedia Q1 2020/21 Operating Profit Estimated To Be SEK 150 Million

AcadeMedia AB

09/10/2020 07:11

Oct 9 (Reuters) - AcadeMedia AB  ACADE.ST :
    * ACADEMEDIA'S OPERATING PROFIT HIGHER THAN EXPECTED FOR THE
FIRST
QUARTER 2020/21
    * SAYS NET SALES ARE ESTIMATED TO BE SEK 2,650 MILLION
(2,502), AN
INCREASE OF AROUND 6 PERCENT COMPARED TO LAST YEAR
    * SAYS OPERATING PROFIT ADJUSTED FOR EFFECTS OF IFRS 16 IS
ESTIMATED TO BE SEK 150 MILLION (75)
    * SAYS CONTINUED HIGH DEMAND FOR ADULT EDUCATION AND MORE
VACATION
DAYS COMPARED TO LAST YEAR HAD A POSITIVE IMPACT ON OPERATING
PROFIT
    * SAYS ADULT EDUCATION SEGMENT'S FAST VOLUME GROWTH HAS
MEANT THAT
EXPENSES ARE LAGGING BEHIND, GIVING A TEMPORARY POSITIVE MARGIN
IMPACT
    * SAYS POSITIVE VACATION EFFECT IS EXPECTED TO EVEN OUT OVER
COURSE OF YEAR

Source text for Eikon:  ID:nWkrb13wKK 
Further company coverage:  ACADE.ST 

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