The Tellus Group presents preliminary figures for Q1 2023

Published: April 21, 2023

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.

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 27 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.

Press Release_Preliminary Q1 Figures_Published