Aug 28, 2024 / 07:30AM GMT
Marcus Stromberg - AcadeMedia AB - President, Chief Executive Officer
So good morning, everybody. And I will start Marcus Strömberg, CEO here. And I must say that Stockholm today has fantastic weather and AcadeMedia has started the new school year in a really good way. We increased the number of children with 8%, that is a result of the efforts and investments that we have done, both international and also in the Swedish Education parts.
So we think that we sum up a very good year and a good quarter with strong demand. We have increased the number of school places, but we have also increased the capacity utilization. The net sales grow with more than 15%, of which around half was organic and the profitability also increased a lot. And the result of the international development that really has increased the profitability.
We have now 50% growth international, and we also see that 40% of AcadeMedia is adult education and international education. And our target that is 50%, so we are on a good road to reach the target and get a good balance between Swedish education and international
Q4 2024 AcadeMedia AB Earnings Call Transcript
Aug 28, 2024
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