Tellusgruppen presents preliminary figures for Q4 2023 and the full year 2023

Published: February 1, 2024

  

IR - Regulatory

In connection with a planned public offering, Tellusgruppen AB (publ) has decided to publish preliminary figures for the full year 2023 and the fourth quarter of 2023. The purpose is to provide potential buyers with as up-to-date and transparent a picture of the business as possible.

"The company’s growth rate remains high, even though we are seeing a slowdown in the growth rate, which is a result of this year’s acquisitions being smaller in volume than last year’s," says Bijan Fahimi, CEO of Tellusgruppen. "Organic growth remains high and is further strengthened by the new units we launched in 2023." On an annual basis, profitability and cash flows from underlying operating activities improved, attributable to better results in established preschool operations and growth in the educational resources business area. However, the high rate of new school openings put pressure on profitability and cash flows during the fourth quarter.

Full Year 2023 (Preliminary Figures)

  • Revenue increased by 22.2 percent (33.2) to 427.3 MSEK (349.7). Organic growth amounted to 13.8 percent, while 8.4 percent was attributable to completed acquisitions.
  • EBITDA amounted to 13.1 MSEK (12.6).
  • Net income for the year amounted to -16.9.0 million SEK (-6.4).
  • Cash flow for the year amounted to -1.4 MSEK (-4.7).
  • Cash flow from operating activities amounted to 10.5 MSEK (3.8).
  • Cash flow from investing activities amounted to -10.6 MSEK (-26.2).
  • Cash flow from financing activities amounted to -1.4 MSEK (17.8).

Fourth Quarter of 2023 (Preliminary Figures)

  • Revenue increased by 14.2 percent to 113.6 MSEK (99.5). Organic growth amounted to 12.1 percent, while 2.1 percent was attributable to completed acquisitions.
  • EBITDA amounted to -2.3 MSEK (1.5).
  • EBITDA, adjusted for changes in vacation and holiday pay liabilities, amounted to 0.7 MSEK (5.5).
  • Net income for the period amounted to -9.3 MSEK (-5.7).
  • Cash flow for the period amounted to 0.7 MSEK (0.6).
  • Cash flow from operating activities amounted to 1.4 MSEK (6.6).
  • Cash flow from investing activities amounted to -1.4 MSEK (-23.9).
  • Cash flow from financing activities amounted to 0.4 MSEK (17.9).

The Q4 quarterly report (Year-End Report 2023) will be published in its entirety on February 28, 2024, as previously announced.

For more information

Bijan Fahimi, CEO of Tellusgruppen AB
bijan.fahimi@tellusgruppen.se
+46 707 167 453

MAR

This information is information that Tellusgruppen AB (publ) is required to disclose under the EU Market Abuse Regulation. The information was submitted for publication on February 1, 2024, at 9:00 a.m. CEST.

Certified Adviser

The company's Certified Adviser is Mangold Fondkommission AB.