Q2 2026 AcadeMedia AB Earnings Call Transcript
Key Points
- AcadeMedia AB (FRA:V8T) reported a stable and solid Q2, with a growth rate of 5.5% after adjusting for FX effects.
- The company has strengthened its position in higher vocational education, increasing its market share.
- AcadeMedia AB (FRA:V8T) made strategic acquisitions in Germany and Finland, expanding its international presence.
- The Adult Education segment continues to perform strongly, with increased volumes and a 13.4% adjusted EBITA margin.
- The company maintains a solid financial position with a leverage ratio of 0.4, well below the target threshold, allowing room for future acquisitions.
- The Preschool segment experienced temporary lower vacation expenses in Sweden, which may not be sustainable.
- There is potential margin pressure in the Upper Secondary School segment due to increased costs related to the Gy25 reform.
- The company faces legislative changes in Sweden, such as the principle of public access, which may require significant investment in IT systems.
- The Compulsory School segment saw a 1.3% decrease in student numbers, impacting growth.
- Despite strong performance, the Adult Education segment may face challenges if unemployment rates in Sweden continue to decline.
Welcome to the AcadeMedia Q2 report '25, '26. (Operator Instructions) Now I will hand the conference over to the speakers, CEO, Marcus Stromberg ; and CFO, Petter Sylvan. Please go ahead.
So good morning, everybody, and welcome to this presentation of AcadeMedia Q2 results. And I will take the presentation together with Petter Sylvan, and I will start with a few remarks. And the second quarter, we think it's a very stable, solid quarter and in line with our strategy. The Q2 quarter is usually a quarter where nothing so much happens, but we think that this quarter has been really, really good. And if we look at the sales, it has been affected by FX effects because of the changes in currency, but the growth is around 5.5% if you adjust it for FX effect.
And the EBIT is developing stable and good in all our segments, but the real driver behind this is the International Group and the Adult Education. And if you look at Adult Education, we also have a very good result when it comes to the
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