Brief: Lumi Gruppen Announces Trading Update, Completion Of Student Intake

Lumi Education AS

04/10/2023 07:12

Oct 4 (Reuters) - Lumi Gruppen AS  LUMI.OL :
    * LUMI GRUPPEN: TRADING UPDATE - COMPLETION OF STUDENT
INTAKE
    * REVENUE IS EXPECTED TO END IN RANGE OF NOK 227-232 MILLION
FOR
ONH FOR SCHOOL YEAR 2023/2024
    * SALES FOR SONANS DECLINED IN LINE WITH PRIVATE CANDIDATE
MARKET,
WITH A REDUCTION OF 29% IN SIGNED CONTRACTS VSAUTUMN INTAKE 2022
    * DECIDED TO POSTPONE LAUNCH OF NTECH VOCATIONAL SCHOOL
UNTIL
SCHOOL YEAR 2024/2025 WITH A BROADER PROGRAMME OFFERING
    * FINANCIAL IMPACT IN TERMS OF REVENUE OF NTECH WAS EXPECTED
TO BE
LIMITED IN 2023/2024 SCHOOL YEAR

Source text for Eikon:  ID:nObivzpSra 
Further company coverage:  LUMI.OL 

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