This after training group has published its interim report on Tuesday morning, where no dividend – despite met financial targets and almost double its net profit to SEK 1.63 per share for the quarter (0.95), and a full-year hindsight at 3:97 SEK (2:63). The market traded up trade a few percent after the stock market opening.
“The board will determine this, and the assessment is that there is so much growth potential in the education sector, both in Sweden and internationally that money creates the most value if they remain in the company,” says Marcus Strömberg dividend proposal.
Academedia have a financial and qualitative targets to distribute profits to shareholders’ surplus may be distributed to shareholders provided that AcadeMedia’s objective in terms of quality and financial capacity is fulfilled, “which the company puts this on their website and in the annual report.
the financial target is that net debt should not exceed 3 times the operating profit (EBITDA), a measure that currently under Marcus Strömberg can be considered to be satisfied with the level 3.1.
What are the quality levels that must be met for the dividend is not, however, clearly communicated, “the Board has not established an exact level is linked to the dividend,” says Marcus Strömberg, after he explained that quality is monitored by measuring academic performance , “perceived quality” and “adequate quality”.
the former, in bemärkelserna exams and grades, have reportedly increased during the year and is above the national average. The word quality is present in the report only positive contexts, such as “making good progress”, “quality improvement” and so on.
What levels Academedia are at in relation to their quality is clear, however not, but according to Marcus Strömberg it is “an overall assessment” about both the quality and growth potential that lies behind the dividend proposal.
“the Board will make an assessment, and to make an overall assessment in this case is something that I think needs to be done, something that very good “, he says that it is therefore for outside investors in practice impossible to determine whether the quality of AcadeMedia is high enough to justify the distribution of profits.
whether there can be no question of a dividend after the July this year started the fiscal year, according to Marcus Strömberg up to the board next year to decide and no, he would anticipate.
“But I personally think it is completely obvious that this kind of companies in the future will share the money” he says.
this fall is expected, the former S-politician Ilmar Reepalu present his report on the gains in prosperity, and precisely dividends is the least controversial.
Has the ongoing investigation and debate about the impact on the dividend proposal?
“it could not I answer, but my view is that I do not think so. It’s not that Ilmar Reepalu investigation is the end of the debate about the gains in welfare; We have a number of political parties that live on this issue, and they will continue to keep it alive. “
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