Sweden's eEducation Albert Q2 sales fall on discontinued revenue streams
Sweden's eEducation Albert Q2 sales fall on discontinued revenue streams
Overview
Sweden edtech group's Q2 net revenue for continuing operations fell 4% yr/yr
EBITDA loss for continuing operations narrowed to -1.6 mln SEK from -6.6 mln SEK
Company launched standalone AI venture and began strategic review of Swedish Film business
Outlook
Company expects sequential improvement in H2, in line with plan communicated in February
Albert targets positive EBITDA and positive cash flow for 2026 full yr
Company expects impact from Welsh agreements to become visible during next yr
Result Drivers
LOWER CUSTOMER ACQUISITION - Co said reduced customer acquisition in late 2025 and discontinuing unprofitable revenue streams drove declines in ARR and net revenue
FOCUS ON CORE BUSINESS - Co said it is concentrating on mathematics and AI, exiting non-core areas such as Holy Owly and reviewing Swedish Film
FINLAND RELAUNCH - Co said Albert Junior was relaunched in Finland with a narrow marketing approach, and early cohorts showed strong unit economics
Company press release: ID:nMFN3x9R83
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Slight Beat* | SEK 35 mln | SEK 34.70 mln (1 Analyst) |
Q2 Loss Per Share |
| SEK 0.31 |
|
Q2 Net Loss |
| SEK 7.87 mln |
|
Q2 Annual Recurring Revenue |
| SEK 125.60 mln |
|
Q2 EBITA |
| SEK 413,000 |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
Wall Street's median 12-month price target for eEducation Albert AB is SEK6.20, about 27.8% above its July 27 closing price of SEK4.85
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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.)