Overview
Sweden education group's Q3 net sales rose 6.6% yr/yr to SEK 5.37 bln
Adjusted EPS for Q3 increased to SEK 3.35
Growth driven by international operations, adult education, and primary schools; upper secondary schools faced cost pressure
Outlook
Company says external environment remains uncertain with ongoing cost pressures
AcadeMedia expects continued demand for adult education and sees international growth potential
Company plans to continue selective investments for growth, both organically and through acquisitions
Result Drivers
INTERNATIONAL OPERATIONS - Co said international operations were a major contributor to Q3 results
ADULT EDUCATION DEMAND - Co said steady demand for adult education, including corporate training, contributed to earnings growth
ACQUISITIONS - Co said ongoing acquisitions in Germany, Finland, the Netherlands, and Norway supported volume growth and international expansion
Company press release: ID:nMFN3VYLzs
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
SEK 5.37 bln
SEK 5.34 bln (2 Analysts)
Q3 Adjusted EPS
SEK 3.35
Q3 EPS
SEK 2.93
Q3 Net Income
SEK 290 mln
Q3 EBIT
SEK 539 mln
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the miscellaneous educational service providers peer group is "buy."
Wall Street's median 12-month price target for AcadeMedia AB is SEK125.00, about 32.4% above its May 8 closing price of SEK94.40
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)