Tellusgruppen AB Releases Its Second-Quarter 2022 Report

Published: August 30, 2022

Second quarter of 2022

• Revenue increased by 37.9 percent to SEK 90.7 million (65.8). Organic growth amounted to 15.0 percent, while 22.9 percent was attributable to acquisitions made in the previous year.
• The average number of enrolled children and students was 2,299 (1,645), an increase of 39.7 percent.
• Operating profit before depreciation and amortization (EBITDA) amounted to SEK 6.7 million (1.0), with a margin of 7.4 percent (1.5).
• Net income for the period amounted to SEK 3.0 million (-0.3).
• Net investments amounted to SEK 1.4 million (0.7).
• Cash flow for the period amounted to SEK 0.1 million (9.3), and cash and cash equivalents totaled SEK 3.1 million (11.1) at the end of the period.

Significant events since the end of the reporting period

• The Svartgarn Outdoor Preschool in Österåker, with 100 spots, opened its doors in August.
• Robinson Valsjön, a newly opened elementary school serving grades K–6, opened in August with two classes.

CEO's comments

“During the first half of the year, the Tellus Group continued to deliver very strong growth figures, with revenue increasing by around 40 percent compared to the same period last year. In the childcare segment, operations grew by 18 percent organically; in the school segment, by over 100 percent through acquisitions; and in the babysitting segment, by over 50 percent organically. Growth is occurring across the board and in various forms across all segments.”

Organic growth through our own new establishments has been one of the key drivers of our development. From 2019 to the present, we have opened eight preschools and one school, with a total of over 800 student spots. Although acquiring new schools and preschools has its advantages, our assessment is that opening our own facilities, over the next few years, is a smoother and more profitable path to expansion than acquisitions. However, this strategy has a negative impact on our profitability. Therefore, we have chosen a more selective approach to our new establishments, which reduces the pressure on our profitability.”

Bijan Fahimi
CEO of Tellus Group

Board of Directors
Tellusgruppen AB (publ)

Link to the report

You can download the report here

For more information

Bijan Fahimi, CEO of Tellusgruppen AB
bijan.fahimi@tellusgruppen.noboxdesign.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 at ca@mangold.se.

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 August 30, 2022, at 8:30 a.m. CEST.

About Tellusgruppen AB (publ)

The Tellus Group is a long-term owner of well-managed companies in the education and childcare sectors. The Group currently operates 26 preschools and six elementary schools, and also provides babysitting and homework assistance.

The Tellus Group 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 childcare sector.

The Tellus Group’s business concept is to establish, operate, and develop profitable and growing subsidiaries in the childcare and education sectors. The company will serve as the parent company of a group that offers and delivers high-quality, innovative, and in-demand services within their respective fields.