AcadeMedia’s interim report, July 2025 – March 2026
Idag, 07:00
Summary of the third quarter (January 2026 - March 2026)
• Net sales increased by 6.6 percent and amounted to SEK 5,371 million (5,037). Organic growth, including bolt-on acquisitions, was 6.3 percent.
• Operating profit (EBIT) amounted to SEK 539 million (499).
• Adjusted EBITA, adjusted for items affecting comparability and IFRS 16, amounted to SEK 438 million (386). Items affecting comparability amounted to SEK -3 million (-16).
• Profit for the period amounted to SEK 290 million (241).
• Diluted earnings per share was SEK 2.93 (2.38). Adjusted for IFRS 16, diluted earnings per share was SEK 3.35 (2.45).
• The average number of children and students in preschool, compulsory school, and upper secondary school during the third quarter was 115,393 (111,603), representing an increase of 3.4 percent.
Summary of the first nine months (July 2025 – March 2026)
• Net sales increased by 5.7 percent to SEK 14,702 million (13,903). Organic growth, including bolt-on acquisitions, was 5.7 percent.
• Operating profit (EBIT) amounted to SEK 1,281 million (1,174).
• Adjusted EBITA, adjusted for items affecting comparability and IFRS 16, amounted to SEK 965 million (840). Items affecting comparability amounted to SEK -17 million (-14).
• Profit for the period amounted to SEK 571 million (500).
• Diluted earnings per share was SEK 5.77 (4.93). Adjusted for IFRS 16, diluted earnings per share was SEK 6.79 (5.60).
• The average number of children and students in preschool, compulsory school, and upper secondary school during the first nine months was 113,884 (110,543), representing an increase of 3.0 percent.
CEO’s comments
“Over the past 15 years, AcadeMedia has completed 75 acquisitions, large and small, always with a focus on quality, long-term sustainability and development potential.”
During the third quarter, AcadeMedia continued to develop in line with our long-term strategy. We see stable underlying earnings in an external environment characterized by uncertainty, cost pressure, and continued adjustment to lower inflation levels. At the same time, the need for further education for individuals, the labour market, and society is greater than it has been for a long time.
AcadeMedia is today the largest education company in Europe. This entails great responsibility, but also a clear opportunity to contribute to stronger competitiveness, social cohesion, and ultimately democratic resilience. Education has rarely been more important than it is now, and I would like to extend my sincere gratitude to our employees who make this work possible every day.
Continued stable performance during the period
Net sales during the third quarter amounted to 5,371 MSEK (5,037), corresponding to growth of 6.6 percent. Organic growth amounted to 6.3 percent, of which exchange rate fluctuations contributed -1.3 percent. Adjusted EBITA increased by 13.5 percent and amounted to 438 MSEK (386). International operations, together with adult education and primary school, were major contributors to the result, while the upper secondary school segment showed a weaker development due to previously communicated cost increases.
A proven strategy for long-term growth
Over the past 15 years, AcadeMedia has completed 75 acquisitions, large and small, always with a focus on quality, long-term sustainability, and development potential. For us, acquisitions are a natural strategic tool for harnessing strong entrepreneurship, further developing operations, and integrating them into a stable platform with high educational expertise.
This acquisition strategy is also a central part of our international expansion. During the period, we continued to strengthen our position in both schools and adult education across several European countries. In Germany, our school platform is developing well, where both acquisitions and new start-ups are contributing to gradual volume growth. At the same time, we have increased the pace of international acquisitions in line with our strategy to grow in markets where demand for high-quality education is structurally strong. This includes the primary school group Docemus in Germany, the preschool group Sunshine in Finland, and the preschool group MAM’s in the Netherlands, as well as the adult education provider K2 Kompetanse (K2) in Norway and IVA Business School (IVA) in the Netherlands, which was acquired shortly after the end of the period.
Adult Education – a Key to Europe’s Competitiveness
During the quarter, demand for adult education continued to develop steadily, both in regular operations and in corporate-focused training (B2B and B2C). Adjusted EBITA increased by 19.6 percent compared with the same period last year and amounted to SEK 67 million. In Sweden, unemployment remains persistent across several segments, while many industries report skills shortages. The way forward lies in transition, reskilling, and lifelong learning, making adult education particularly important.
In this area, Sweden is a European leader, and AcadeMedia is a key player. Over a long period, we have built strong models for vocational education, digital platforms, and pedagogical tools in line with the EU’s European Skills Agenda, which aims for 60 percent of all adults aged 25–64 to participate annually in some form of further education from 2030 onwards. Today, only Sweden and Hungary are at or above the EU target.
In addition to Sweden, since 2022/2023 we have also established a strong presence in adult education in Poland and England. This year, we have taken further strategic steps through the acquisitions of K2 in Norway and IVA in the Netherlands. K2 is an established private provider of upper secondary education for adults in Norway. The company offers a broad range of vocational and university preparatory programmes, as well as industry-specific certification courses that meet key labour market needs, together with language courses at all levels. IVA was founded nearly 100 years ago and has built a strong reputation for academic excellence and industry relevance. Both countries have a strong tradition of private post-secondary education, making these acquisitions strategically important for AcadeMedia’s continued international growth within adult education.
We continue to evaluate additional geographies. Of particular interest is the education segment just below universities and colleges: shorter, labour market-oriented programmes that combine quality with accessibility. This is where we see a clear structural trend and significant international growth potential that we aim to capture.
Strong brands, a key in a changing demographic landscape
Over the years, AcadeMedia has developed several leading educational brands. Rytmus has grown from a single school into Sweden’s foremost music school concept, Praktiska Gymnasiet is today the market leader in vocational education, and ProCivitas and other academically oriented schools have established strong academic identities.
A sports profile is the natural next step. Interest in combining sports and studies is strong, and in a time of demographic challenges, clear profiles are becoming increasingly important, both for students and for municipalities. The acquisition of Prolympia, completed after the reporting period, is the leading sports-focused compulsory school provider in Sweden, giving us a strong foundation to further developing this direction. Our ambition is to gradually build a cohesive sports profile throughout the entire education journey, from compulsory school to upper secondary school, where quality, study discipline, and performance go hand in hand.
Quality as the foundation for long-term value creation
AcadeMedia is well positioned for the future. Our broad presence, diversified business model, and long experience of developing educational operations create stability even in a changing external environment. At the same time, we continue to invest selectively for future growth, both organically and through acquisitions, with a focus on quality, skills supply, and long-term value creation.
Marcus Strömberg
President and CEO
AcadeMedia AB (publ)
Presentation of the report
A web-cast telephone conference will be held at 09:30 CET today, where CEO Marcus Strömberg, and CFO Petter Sylvan will present the report.
To participate in the conference call please register via this link:
Call Access
After registration, you will be provided with telephone numbers and a conference ID to access the conference. You can ask questions verbally via the telephone conference.
To follow the presentation webcast on the following page:
AcadeMedia - Q3 2026
The presentation material will be available before the conference begins on AcadeMedia web via:
Reports and presentations - AcadeMedia
It will also be possible to access the recorded version of the webcast after it is finished on this page.
For more information, please contact:
Ludvig Andersson, Head of Investor Relations
Telephone: +46 73 87 557 26
E-mail: ludvig.andersson@academedia.se
Petter Sylvan, CFO
Telephone: +46 8 794 43 40
E-mail: petter.sylvan@academedia.se
About Us
AcadeMedia is Europe’s largest education company, operating preschools, compulsory schools, upper secondary schools, and adult education institutions. The company has operations in Sweden, Norway, Finland, Poland, the United Kingdom, the Netherlands, and Germany. Our mission is to build a more sustainable society with education and learning as its foundation. For more information about us and our operations, please visit www.academedia.se
This information is information that AcadeMedia is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-05-11 07:00 CEST.
Attachments
AcadeMedia Interim Report 2526 Q3 ENG
Ämnen i artikeln
AcadeMedia’s interim report, July 2025 – March 2026
Idag, 07:00
Summary of the third quarter (January 2026 - March 2026)
• Net sales increased by 6.6 percent and amounted to SEK 5,371 million (5,037). Organic growth, including bolt-on acquisitions, was 6.3 percent.
• Operating profit (EBIT) amounted to SEK 539 million (499).
• Adjusted EBITA, adjusted for items affecting comparability and IFRS 16, amounted to SEK 438 million (386). Items affecting comparability amounted to SEK -3 million (-16).
• Profit for the period amounted to SEK 290 million (241).
• Diluted earnings per share was SEK 2.93 (2.38). Adjusted for IFRS 16, diluted earnings per share was SEK 3.35 (2.45).
• The average number of children and students in preschool, compulsory school, and upper secondary school during the third quarter was 115,393 (111,603), representing an increase of 3.4 percent.
Summary of the first nine months (July 2025 – March 2026)
• Net sales increased by 5.7 percent to SEK 14,702 million (13,903). Organic growth, including bolt-on acquisitions, was 5.7 percent.
• Operating profit (EBIT) amounted to SEK 1,281 million (1,174).
• Adjusted EBITA, adjusted for items affecting comparability and IFRS 16, amounted to SEK 965 million (840). Items affecting comparability amounted to SEK -17 million (-14).
• Profit for the period amounted to SEK 571 million (500).
• Diluted earnings per share was SEK 5.77 (4.93). Adjusted for IFRS 16, diluted earnings per share was SEK 6.79 (5.60).
• The average number of children and students in preschool, compulsory school, and upper secondary school during the first nine months was 113,884 (110,543), representing an increase of 3.0 percent.
CEO’s comments
“Over the past 15 years, AcadeMedia has completed 75 acquisitions, large and small, always with a focus on quality, long-term sustainability and development potential.”
During the third quarter, AcadeMedia continued to develop in line with our long-term strategy. We see stable underlying earnings in an external environment characterized by uncertainty, cost pressure, and continued adjustment to lower inflation levels. At the same time, the need for further education for individuals, the labour market, and society is greater than it has been for a long time.
AcadeMedia is today the largest education company in Europe. This entails great responsibility, but also a clear opportunity to contribute to stronger competitiveness, social cohesion, and ultimately democratic resilience. Education has rarely been more important than it is now, and I would like to extend my sincere gratitude to our employees who make this work possible every day.
Continued stable performance during the period
Net sales during the third quarter amounted to 5,371 MSEK (5,037), corresponding to growth of 6.6 percent. Organic growth amounted to 6.3 percent, of which exchange rate fluctuations contributed -1.3 percent. Adjusted EBITA increased by 13.5 percent and amounted to 438 MSEK (386). International operations, together with adult education and primary school, were major contributors to the result, while the upper secondary school segment showed a weaker development due to previously communicated cost increases.
A proven strategy for long-term growth
Over the past 15 years, AcadeMedia has completed 75 acquisitions, large and small, always with a focus on quality, long-term sustainability, and development potential. For us, acquisitions are a natural strategic tool for harnessing strong entrepreneurship, further developing operations, and integrating them into a stable platform with high educational expertise.
This acquisition strategy is also a central part of our international expansion. During the period, we continued to strengthen our position in both schools and adult education across several European countries. In Germany, our school platform is developing well, where both acquisitions and new start-ups are contributing to gradual volume growth. At the same time, we have increased the pace of international acquisitions in line with our strategy to grow in markets where demand for high-quality education is structurally strong. This includes the primary school group Docemus in Germany, the preschool group Sunshine in Finland, and the preschool group MAM’s in the Netherlands, as well as the adult education provider K2 Kompetanse (K2) in Norway and IVA Business School (IVA) in the Netherlands, which was acquired shortly after the end of the period.
Adult Education – a Key to Europe’s Competitiveness
During the quarter, demand for adult education continued to develop steadily, both in regular operations and in corporate-focused training (B2B and B2C). Adjusted EBITA increased by 19.6 percent compared with the same period last year and amounted to SEK 67 million. In Sweden, unemployment remains persistent across several segments, while many industries report skills shortages. The way forward lies in transition, reskilling, and lifelong learning, making adult education particularly important.
In this area, Sweden is a European leader, and AcadeMedia is a key player. Over a long period, we have built strong models for vocational education, digital platforms, and pedagogical tools in line with the EU’s European Skills Agenda, which aims for 60 percent of all adults aged 25–64 to participate annually in some form of further education from 2030 onwards. Today, only Sweden and Hungary are at or above the EU target.
In addition to Sweden, since 2022/2023 we have also established a strong presence in adult education in Poland and England. This year, we have taken further strategic steps through the acquisitions of K2 in Norway and IVA in the Netherlands. K2 is an established private provider of upper secondary education for adults in Norway. The company offers a broad range of vocational and university preparatory programmes, as well as industry-specific certification courses that meet key labour market needs, together with language courses at all levels. IVA was founded nearly 100 years ago and has built a strong reputation for academic excellence and industry relevance. Both countries have a strong tradition of private post-secondary education, making these acquisitions strategically important for AcadeMedia’s continued international growth within adult education.
We continue to evaluate additional geographies. Of particular interest is the education segment just below universities and colleges: shorter, labour market-oriented programmes that combine quality with accessibility. This is where we see a clear structural trend and significant international growth potential that we aim to capture.
Strong brands, a key in a changing demographic landscape
Over the years, AcadeMedia has developed several leading educational brands. Rytmus has grown from a single school into Sweden’s foremost music school concept, Praktiska Gymnasiet is today the market leader in vocational education, and ProCivitas and other academically oriented schools have established strong academic identities.
A sports profile is the natural next step. Interest in combining sports and studies is strong, and in a time of demographic challenges, clear profiles are becoming increasingly important, both for students and for municipalities. The acquisition of Prolympia, completed after the reporting period, is the leading sports-focused compulsory school provider in Sweden, giving us a strong foundation to further developing this direction. Our ambition is to gradually build a cohesive sports profile throughout the entire education journey, from compulsory school to upper secondary school, where quality, study discipline, and performance go hand in hand.
Quality as the foundation for long-term value creation
AcadeMedia is well positioned for the future. Our broad presence, diversified business model, and long experience of developing educational operations create stability even in a changing external environment. At the same time, we continue to invest selectively for future growth, both organically and through acquisitions, with a focus on quality, skills supply, and long-term value creation.
Marcus Strömberg
President and CEO
AcadeMedia AB (publ)
Presentation of the report
A web-cast telephone conference will be held at 09:30 CET today, where CEO Marcus Strömberg, and CFO Petter Sylvan will present the report.
To participate in the conference call please register via this link:
Call Access
After registration, you will be provided with telephone numbers and a conference ID to access the conference. You can ask questions verbally via the telephone conference.
To follow the presentation webcast on the following page:
AcadeMedia - Q3 2026
The presentation material will be available before the conference begins on AcadeMedia web via:
Reports and presentations - AcadeMedia
It will also be possible to access the recorded version of the webcast after it is finished on this page.
For more information, please contact:
Ludvig Andersson, Head of Investor Relations
Telephone: +46 73 87 557 26
E-mail: ludvig.andersson@academedia.se
Petter Sylvan, CFO
Telephone: +46 8 794 43 40
E-mail: petter.sylvan@academedia.se
About Us
AcadeMedia is Europe’s largest education company, operating preschools, compulsory schools, upper secondary schools, and adult education institutions. The company has operations in Sweden, Norway, Finland, Poland, the United Kingdom, the Netherlands, and Germany. Our mission is to build a more sustainable society with education and learning as its foundation. For more information about us and our operations, please visit www.academedia.se
This information is information that AcadeMedia is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-05-11 07:00 CEST.
Attachments
AcadeMedia Interim Report 2526 Q3 ENG
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