Slightly worse for English School – Private Business

Operating profit was msek 30.0 (usd 31.4).

Adjusted for non-recurring items, the operating profit amounted to sek 36.1 million (31,4), giving an adjusted operating margin of 8.7% (8.4).

net Sales amounted to sek 414 million (372). Sales growth was more than 11 per cent.

the School need to strengthen certain key functions in order to manage the continued growth, the company said in Monday’s interim report, the first since the ipo on september 29.

the group’s plans for growth of the company in August 2017, aims to open four new schools, in Englewood, Landskrona, Södertälje and Helsingborg, and a year later another two, in Huddinge (Sweden) and Sundbyberg, from today, operate more than 30 schools.

Over the past three years, prior to listing, this increase has not been considered necessary “, we have managed to streamline the central administration and not needed to extend the despite the fact that we have opened 11 schools during the period,” said company ceo Ralph Riber in the report.

Skolbolagets operating profit during the period decreased to 30.0 from 31.4 million sek in spite of the height of sales, but was negatively impacted by was affected by listing costs and the costs of an acquisition in Spain on a total of 6.1 million sek, Adjusted for this step the operating margin to 8.7 from 8.4 per cent in the corresponding period of the previous year.

with Respect to the fresh välfärdsutredningen, where a maximum operating profit in relation to invested capital is proposed, writes ceo Ralph Riber, that the investigation seems to be ideologically driven.

“the View on the prize role stands in stark contrast to both Skolkostnadsutredningen and Ägarprövningsutredningen”, he writes with the purpose of other recently published skolutredningar.

In these notes, according to Riber to the principle of equal conditions for private schools and municipal schools is important (Skolkostnadsutredningen), and that “profit is important, that there is a clear and direct link between the long-term quality, and that the business generates a certain excess” (beverage containers etc).