The Tellus Group Releases Its 2024 Year-End Report

Published: February 28, 2025

Tellusgruppen AB (publ.) reports improved profitability compared with the previous year. Growth was primarily driven by 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 (1.0). During the fourth quarter, the staffing service Vikariepoolen was acquired, which will further expand the Tellus Group’s business starting in 2025.

During the year, the Tellus Group’s revenue increased by 12.7 percent to SEK 481.6 million, of which 9.9 percent was organic growth. Profit, adjusted for reversed goodwill amortization, increased to SEK 4.4 million (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 the Tellus Group.
 
– We are entering 2025 with a clear strategy and a continued focus on profitability, efficiency, and growth. The long-term goal is to strengthen the Tellus Group’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 Tellus Group CEO Bijan Fahimi.

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 on the Tellus Group’s website.

This information is information that the Tellus Group is required to disclose under the EU Market Abuse Regulation. The information was submitted for publication on February 28, 2025, at 8:00 a.m. CET, through the above-mentioned contact persons.

For further information, please contact
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.

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

The Tellus Group was founded in 2012 as the parent company of Tellusbarn (which 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 that offer high-quality, innovative, and in-demand services within their respective fields.

Attachments
Tellus Group Year-End Report 2024 Final

Tellus Group Year-End Report 2024 Final