Tellusgruppen publishes its 2024 year-end report

Published: February 28, 2025

  

Other, IR - Regulatory

Tellusgruppen AB (publ.) reports improved profitability compared with the previous year. The growth was primarily due to relatively high occupancy rates in preschools and an increase in the number of students in schools. Adjusted EBITDA for the full year amounted to SEK 16.4 million (SEK 10.9 million). Adjusted profit, including reversed goodwill amortization, increased to SEK 4.4 million (SEK 1.0 million). During the fourth quarter, the staffing service Vikariepoolen was acquired, which will further expand Tellusgruppen's ’s business starting in 2025.

During the year, Tellusgruppen's ’s revenue increased by 12.7 percent to 481.6 MSEK, of which 9.9 percent was organic growth. Profit, adjusted for reversed goodwill amortization, increased to 4.4 MSEK (1.0). The EBITDA margin increased to 3.4 percent (2.5).

– “We have significantly improved our profitability, particularly during the second half of the year. This is mainly due to the large number of children in our preschools and students in our schools. Our operations are experiencing high demand despite a challenging market,” says Bijan Fahimi, CEO of Tellusgruppen's .

– “We are entering 2025 with a clear strategy and a continued focus on profitability, efficiency, and growth.” The long-term goal is to strengthen Tellusgruppen's ’s position as a leading player in education and childcare, while building stable and sustainable financial foundations for the future. Future acquisitions are aimed at improving profitability and continuing to diversify the business, says Bijan Fahimi, CEO of Tellusgruppen's .

Fourth quarter of 2024

  • Revenue increased by 8.2 percent to SEK 122.9 million (113.6). Of this, organic growth accounted for 6.1 percent, while 2.0 percent was attributable to completed acquisitions.
  • Adjusted EBITDA amounted to SEK 2.9 million (-2.4) with a margin of 2.4 percent (-2.1).
  • Adjusted EBITDA, excluding vacation pay liabilities, amounted to SEK 7.1 million (0.7).
  • Net income for the period amounted to SEK -6.1 million (-9.2).
  • Adjusted earnings, including reversed goodwill amortization, amounted to -0.7 million SEK (-4.2).
  • Net investments amounted to SEK 0.2 million (-1.4).
  • Cash flow for the period amounted to SEK 0.5 million (0.8), and cash and cash equivalents totaled SEK 1.1 million (1.1) at the end of the period.
  • Earnings per share before dilution amounted to SEK -0.4 (-0.6).
  • Diluted earnings per share amounted to SEK -0.4 (-0.6).
  • Net debt / Adjusted EBITDA R12 stood at 2.4 (4.8) at the end of the period.

Full year 2024

  • Revenue increased by 12.7 percent to SEK 481.6 million (427.3). Of this, organic growth accounted for 9.9 percent, while 2.8 percent was attributable to completed acquisitions
  • Adjusted EBITDA amounted to SEK 16.4 million (10.9), with a margin of 3.4 percent (2.5).
  • Adjusted EBITDA, excluding vacation pay liabilities, amounted to SEK 18.1 million (12.0).
  • Net income for the period amounted to SEK -19.8 million (-16.9).
  • Adjusted profit, including reversed goodwill amortization, amounted to SEK 4.4 million (1.0)
  • Net investments amounted to SEK 7.5 million (-12.6).
  • Cash flow for the period amounted to SEK -0.1 million (-1.3).
  • Earnings per share before dilution amounted to SEK -1.4 (-1.2)
  • Diluted earnings per share amounted to SEK -1.4 (-1.2)

The full year-end report is available onthe Tellusgruppen's website.

This information is information that Tellusgruppen is required to disclose under the EU Market Abuse Regulation. The information was submitted for publication at 08:00 CET on February 28, 2025, through the above-mentioned contact persons.

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.

Attachments

Year-End Report 2024Download PDF