CEO Bijan Fahimi Comments on Tellusgruppen's Q3 Report

Financial Reports

2023

The Tellus Group's revenue for the past nine months has increased by approximately 25 percent compared with the previous period. The growth is largely organic, with a smaller portion driven by acquisitions.

At the same time, the company is improving its profitability. Within a few quarters, the company expects a further increase in profitability once the newly established preschools, distance learning, and native-language programs are up and running.

During the year, the company opened three new preschools, all of which have high enrollment rates.

The long-term goal is to slow the rate of growth in preschools in order to focus more on elementary schools and educational services.

The two acquired companies, Omniglot and Språkservice, will be further integrated into the business to create synergies.

About Tellusgruppen 

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 educational services and child care. Tellusgruppen was founded in 2012 as the parent company of Tellusbarn (founded in 2007) and as a platform for future expansion in the education and childcare sectors. Its business model is to establish, operate, and develop profitable and growing subsidiaries in the childcare and education sectors. Tellusgruppen is listed on the Nasdaq First North Growth Market.