The Tellus Group presents preliminary figures for Q1 2023
Published: April 21, 2023
IR - Regulatory
Preliminary figures for the Tellus Group’s first quarter of 2023 indicate continued strong growth. The strategy of both new business launches and acquisitions continues to yield results, and the company has now reached a new milestone with quarterly revenue exceeding SEK 100 million. At the same time, EBITDA and adjusted EBITDA have improved significantly compared to the first quarter of 2022. The Tellus Group’s revenue growth is expected to exceed 30 percent on an annual basis.
First Quarter of 2023 (Preliminary Figures)
• Revenue increased by 30.1 percent to SEK 105.7 million (81.2). Organic growth amounted to 13.4 percent, while 16.7 percent was attributable to acquisitions made in the previous year.
• The average number of enrolled children and students was 2,350 (2,169), an increase of 8.3 percent.
• Operating profit before depreciation and amortization (EBITDA) amounted to SEK 1.9 million (-3.0), with a margin of 1.8 percent (-3.7).
• EBITDA, adjusted for changes in accrued vacation pay, amounted to SEK 7.8 million (1.8), with a margin of 7.4 percent (1.8).
“Tellusgruppen’s strong growth rate, driven by both acquisitions and new business ventures, has had a very positive impact on the company’s profitability and demonstrates that the strategy is paying off despite a tougher economic climate,” says Bijan Fahimi, CEO of Tellusgruppen.
The quarterly report (Q1 2023) will be published in full on May 23, 2023, as previously announced.
For more information
Bijan Fahimi, CEO of Tellusgruppen AB
bijan.fahimi@tellusgruppen.noboxdesign.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 April 21, 2023, at 9:00 a.m. CEST.
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 at ca@mangold.se.