Tellus Group CEO Bijan Fahimi comments on preliminary figures for Q1 2023
Published: April 24, 2023
“For us, the figures we presented are both significant and important in several ways. By generating 100 million in revenue in a single quarter, we’ve reached a milestone and are closing in on the larger companies in the education sector. Reaching annual revenue of 500 million kronor isn’t that far off,” says Bijan Fahimi, CEO of Tellusgruppen.
The Tellus Group is growing organically by 13 percent and by over 16 percent through acquisitions; the company’s revenue growth is expected to exceed 30 percent on an annual basis. As a publicly traded company, this revenue growth is also important for attracting institutional investors.
– We are growing in all the segments in which we operate, while also increasing our profitability. Our strategy of acquiring and developing businesses from a long-term perspective is working, and the preschools and schools we establish ourselves have reached break-even faster than expected. As a result, our organic growth has a smaller operating loss during the first few years.
The last quarter in which the Tellus Group reported a profit was the first half of 2020. Since then, the Company has invested in growth through new preschools and schools, and most recently through the acquisition of complementary businesses in the field of native-language instruction, represented by Omniglot and Språkservice 24.
– This year, we will open three new preschools; during the 2019–2020 period, we opened two per year, which was quite a feat given our size. The fact that new openings are occurring at a slightly slower pace relative to the company’s size, and that we have been successful in attracting parents, children, and students to new locations, means that growth is also costing less than before.
– Most of the units we have launched in recent years still have room to grow further. This will generate additional organic growth and ensure that new projects are launched at a steady pace. We are actively pursuing new acquisitions of well-managed and profitable companies. In the areas of education and language services, we see significant potential, particularly with municipalities. Overall, this presents a very favorable outlook for continued growth and profitability.
– The key to success is ensuring that our rapid growth does not compromise the quality of our operations or our customer focus. “We place a strong emphasis on building a decentralized organization led and driven by competent and dedicated leaders and employees. With well-organized operations and skilled staff, we ensure the best possible results, both in our school operations and for our shareholders,” says Bijan Fahimi, CEO of Tellusgruppen.
For more information
Bijan Fahimi, CEO of Tellusgruppen AB
bijan.fahimi@tellusgruppen.noboxdesign.se
+46 707 167 453
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.
