Tellusgruppen publishes its quarterly report for Q2 2024

Published: August 20, 2024

  

IR - Regulatory

Tellusgruppen AB (publ.) continued its growth in the second quarter. Revenue increased by 17.2%. Adjusted EBITDA amounted to SEK 4.6 million (4.1).

“Thanks to organic growth in several business areas, the prospects for achieving greater profitability in our operations are improving. We are continuing our journey toward becoming a growing company that creates significant value for our customers, society, our employees, and our shareholders,” says Bijan Fahimi, CEO of Tellusgruppen's .

Webcast Presentation of the Report Today at 9:00 a.m.
The report will be presented via webcast today, August 20, at 9:00 a.m. by Bijan Fahimi, CEO, and Arnar Vidarsson, CFO.

The presentation will be held in Swedish and can be viewed live via webcast at:https://events.teams.microsoft.com/event/59e49451-97d4-4560-bc8d-e6ade0abd165@6137c0b0-f16e-4ae1-ba3a-7fcede0c24a7If you would like to participate via the webcast, please click onthe linkand register.

Second Quarter
• Revenue increased by 17.2 percent to 130.5 MSEK (111.4). Organic growth amounted to 12.0 percent, while 5.1 percent was attributable to completed acquisitions.
• Adjusted EBITDA amounted to SEK 4.6 million (4.1) with a margin of 3.5 percent (3.6).
• Adjusted EBITDA excluding vacation pay liabilities amounted to SEK 9.9 million (8.4).
• Net income for the period amounted to SEK -4.1 million (-3.2).
• Net investments amounted to SEK 7.9 million (1.8).
• Cash flow for the period amounted to SEK 5.1 million (-0.4), and cash and cash equivalents totaled SEK 7.8 million (1.7) at the end of the period.
• Earnings per share before dilution amounted to SEK -0.3 (-0.2).
• Earnings per share after dilution amounted to -0.3 SEK (-0.2)
Significant events during the period
• The Väsjön outdoor preschool moved to permanent, newly built facilities with 140 spots in January.
• In January, the restaurant “ Tellusfood ” opened at Kungsgatan 22, adjacent to the Thea Linköping Tellusskolan . The restaurant serves both as a dining hall for students and as a lunch restaurant for the general public.
• In early April, Tellusgruppen acquired Matomsorg i Stockholm AB through its subsidiary TF Catering AB. Matomsorg prepares and distributes meals to preschools and schools in the Stockholm area. The debt- and cash-free purchase price amounted to SEK 5.2 million. SEK 1.0 million was paid in cash on the closing date, and SEK 2.6 million through newly issued shares at a price of SEK 6.5 per share, representing 402,477 newly issued shares. The new share issue represents a dilution of approximately 2.7 percent for Tellusgruppen's ’s existing shareholders.
• On May 25, Tellusgruppen reached an agreement with the former owners of Språkservice24 to settle a seller’s promissory note of SEK 1.9 million and accrued interest of SEK 0.1 million through set-off against newly issued shares in Tellusgruppen. A total of 331,286 shares were issued at a price of 6.012 SEK per share. The new share issue results in a dilution of approximately 2.2 percent for Tellusgruppen's ’s existing shareholders.
• The company issued Series TO2 warrants to its existing shareholders. During the subscription period in May, Series TO2 warrants were exercised and converted into shares. This resulted in the company raising approximately 6 MSEK before issuance costs. Approximately SEK 3.3 million of this amount was paid through the offset of outstanding loans and guarantee compensation. Following the exercise, the number of shares in Tellusgruppen increased from 15,009,710 to 16,004,306, resulting in a dilution of approximately 6.2 percent for shareholders who did not exercise their warrants.

Significant events after the end of the reporting period
• No significant events have occurred.

You can read the full report here

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

Certified Adviser
The Company’s Certified Adviser is Mangold Fondkommission AB, which can be reached by phone at 08-503 015 50 and by email atca@mangold.se.

About Tellusgruppen AB (publ)
Tellusgruppen is a long-term owner of well-managed companies in the education and child care sectors. The Group currently operates 28 preschools and seven elementary schools, and also provides child care and educational services.

Tellusgruppen was founded in 2012 as the parent company of Tellusbarn (Tellusbarn was founded in 2007) and as a platform for future expansion in the education and child care sectors.

Tellusgruppen's Our business concept is to establish, operate, and develop profitable and growing subsidiaries that offer high-quality, innovative, and in-demand services in their respective fields.

This information is information that Tellusgruppen is required to disclose under the EU Market Abuse Regulation. The information was submitted for publication on August 20, 2024, at 8:00 a.m. CEST, through the above-mentioned contact persons.