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AcadeMedia AB (ST: ACADE), Europe’s largest education company, reported stronger third-quarter earnings for the period ending March 31, 2026, supported by solid performance in its international and adult education divisions. The Swedish education provider posted a 13.5% increase in adjusted operating profit despite continued cost pressures and softer results from its upper secondary school segment.
Adjusted EBITA rose to SEK 438 million from SEK 386 million in the same quarter last year, while the adjusted EBITA margin improved to 8.2% from 7.7%. Net sales increased 6.6% year-over-year to SEK 5.37 billion, driven by organic growth of 6.3%, although currency movements negatively impacted revenue growth.
Operating profit (EBIT) climbed to SEK 539 million from SEK 499 million, while quarterly profit reached SEK 290 million compared with SEK 241 million a year earlier. Diluted earnings per share improved to SEK 2.93 from SEK 2.38.
The Preschool and International division delivered the strongest gains, with adjusted EBITA rising to SEK 169 million from SEK 125 million. Revenue in the segment jumped 11.3% to SEK 2.08 billion as average student numbers increased to 39,415.
AcadeMedia’s adult education business also showed healthy momentum, posting adjusted EBITA of SEK 67 million compared with SEK 56 million last year. The segment’s margin improved to 13.5%.
However, the upper secondary schools division faced weaker profitability. Adjusted EBITA declined to SEK 127 million from SEK 139 million due to higher personnel expenses and additional library staffing requirements linked to new legislation.
Free cash flow increased significantly to SEK 288 million. Following the quarter, AcadeMedia announced acquisitions of Dutch institution IVA Business School and Swedish school group Prolympia as part of its expansion strategy.
