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Lumi Education Group operates in the education sector. The group offers a wide range of private tuition throughout the Norwegian home market. The business is run through several schools and tuition is offered to students of varying ages. The largest operations are in the Nordic region. The company was founded in 1989 and is headquartered in Oslo, Norway.
* H1 above expectations, driven by strong margins and cost control * Soft autumn intake guidance leads to cuts in '26e-'28e estimates * Fair value range of NOK 14-20 H1'26 strong Group revenue was NOK 277m, 5% above our estimate of NOK 265m. Adj. EBITA...
* H1 above driven by strong margins and cost control... * ... but AY 26/27 outlook looks soft * Cons to lower revenue estimates, EBITA offset by cost actions Revenues +5%, adj. EBITA well above estimate Group revenues was NOK 277m, 5% above our estimate...
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* H1'26e adj. EBIT NOK 46m* Two accretive acquisitions* Fair value range of NOK 18-25 H1'26e adj. EBIT NOK 46m We pencil in H1'26e revenues of NOK 265m, up 13% y-o-y. This implies AY'25/26e revenues of NOK 536m, +13% y-o-y. We have fine-tuned our revenue...
* Lumi acquires Bjørknes at 4.6x EV/EBIT * Meaningful synergies identified * Estimates could rise by 6-9% Lumi acquires Bjørknes at 4.6x EV/EBIT Lumi announced this morning that they have acquired the operating business of Bjørknes Privatskole, an Oslo...
* Solid end to the year * AY'25/26e guidance seems fine * Fair value range of NOK 18-25 Solid end to the year Group revenue was NOK 272m, 5% above our estimate of NOK 260m and up 14% y-o-y. This resulted in full-year sales of NOK 508m, up 12.5% y-o-y...