Brief: AcadeMedia Q4 Operating Profit Rises To SEK 334 Million

AcadeMedia AB

28/08/2020 07:15

Aug 28 (Reuters) - AcadeMedia AB  ACADE.ST :
    * ACADEMEDIA'S YEAR-END REPORT JULY 2019 - JUNE 2020
    * Q4 NET SALES INCREASED BY 2.1 PERCENT AND AMOUNTED TO SEK
3,227
MILLION (3,162)
    * Q4 NET PROFIT FOR PERIOD AMOUNTED TO SEK 179 MILLION (148)
    * Q4 OPERATING PROFIT (EBIT) AMOUNTED TO SEK 334 MILLION
(218)
    * BOARD OF DIRECTORS PROPOSES A DIVIDEND OF SEK 1.50 PER
SHARE
(1.25) FOR 2019/20 FINANCIAL YEAR.
    * ALTHOUGH COVID-19 PANDEMIC HAS HAD A SUBSTANTIAL IMPACT ON
OPERATIONS, ECONOMIC IMPACT HAS BEEN LIMITED
    * OPERATING PROFIT SHOWED GROWTH BOTH IN Q4 AND FOR FULL
YEAR
2019/20, WHICH IS LARGELY ATTRIBUTABLE TO RECOVERY IN ADULT
EDUCATION
    * TOTAL OF 10-15 NEW UNITS ARE BEING PLANNED IN GERMANY FOR
2020/21, THOUGH DEVELOPMENTS RELATED TO COVID-19 PANDEMIC MAY
CHANGE THESE PLANS

Source text for Eikon:  ID:nWkr9rbrQD 
Further company coverage:  ACADE.ST 

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