Kurs & Likviditet
Beskrivning
| Land | Norge |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Tjänster |
| Industri | Allmänna tjänster |
2023-10-04 08:00:56
Oslo 4 October 2023: The intake for the school year 2023/2024 is now completed,
and Lumi Gruppen provides a trading update.
ONH
For ONH, the positive trend is confirmed, with a 22 percent growth in signed
contracts* compared with the autumn intake in 2022.
Based on the autumn intake and a forecast for the spring intake, revenue is
expected to end in the range of NOK 227-232 million for ONH for the school year
2023/2024.
Sonans
The private candidate business in Sonans is the most important swing factor for
Lumi Gruppen's financial development in the short to medium term.
Sales for Sonans have declined in line with the private candidate market, with a
reduction of 29 percent in signed contracts compared with the autumn intake
2022.
Part of the decline is due to stricter credit verification procedures. While
this affects sales, it also has led to significantly reduced credit losses.
Based on the autumn intake and a forecast for the spring intake, revenue is
expected to end in the range of NOK 170-175 million for Sonans for the school
year 2023/2024.
Ntech
Lumi Gruppen has decided to postpone the launch of Ntech vocational school until
the school year 2024/2025 with a broader programme offering. As previously
indicated, the financial impact in terms of revenue of NTech was expected to be
limited in the 2023/2024 school year.
*Refers to signed contracts for new students and new revenue in addition to the
revenues from existing students on multi-year programmes
For further queries, please contact:
Martin Prytz, CFO and Head of Investor Relations
E-mail: IR@lumigruppen.no
Mobile: +47 480 14 078
About Lumi | https://lumiinvestor.com/ Lumi Gruppen is a leading Norwegian
education provider founded in 1989. Today, Lumi Gruppen consists of two main
divisions: Sonans and Oslo Nye Høyskole. Sonans is the market leader in Norway
within private candidate exam preparation courses, and Oslo Nye Høyskole offers
high quality bachelor's degrees within health, social sciences, psychology and
business and administration, both on campus and online.