Brief: Lumi Gruppen Q3 Adjusted EBIT Falls To NOK 30.9 Million

Lumi Education AS

02/11/2022 07:10

Nov 2 (Reuters) - Lumi Gruppen AS  LUMI.OL :
    * LUMI GRUPPEN Q3 2022 RESULTS: CHALLENGING MARKET
CONDITIONS
POST-COVID. SIGNIFICANT COST REDUCTION PROGRAMMES IMPLEMENTED
RESULTING IN A MORE SCALABLE AND FLEXIBLE BUSINESS MODEL
    * Q3 STRONG ONLINE GROWTH, ONLINE REVENUE UP 33.3 PER CENT
    * Q3 TOTAL REVENUE ENDED AT NOK 121.5 MILLION FOR Q3 (NOK
130.9
MILLION)
    * Q3 REVENUES DECREASED BY 7.2% PER CENT TO NOK 121.5
MILLION IN
Q3 2022, COMPARED TO NOK 130.9 MILLION IN Q3 2021
    * Q3 ADJUSTED EBIT ENDED AT NOK 30.9 MILLION, A DECREASE OF
4.6
PER CENT COMPARED TO SAME PERIOD LAST YEAR
    * Q3 REPORTED EBIT ENDED AT NOK 20.1 MILLION, A DECREASE OF
27.7
PER CENT COMPARED TO SAME PERIOD LAST YEAR

Source text for Eikon:  ID:nObibhJHMa 
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