Norway · Delayed Price · Currency is NOK Lumi Education Group AS Earnings Call Transcripts
Fiscal Year 2025
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Record revenue and margin expansion were achieved, driven by ONH's strong growth and Sonans's operational improvements. The acquisition of EnkelEksamen enhances digital and AI capabilities, supporting future scalability. Guidance for 2025/2026 remains on track.
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Revenue grew 11% in H1 2025, led by ONH's 60% surge and Sonans' return to growth. Adjusted EBIT rose 31%, with margin improvements across segments. Continued growth is expected, though accreditation delays and intake variability present some uncertainty.
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The session highlighted strong growth in online and flexible education, with ONH and Sonans leading in digital adoption and targeting high-demand niches. Financial ambitions include double-digit growth for ONH and recovery for Sonans, supported by high revenue visibility and a scalable online model.
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Strong growth is expected across all segments, driven by digital-first strategies, high-demand programs, and supportive market trends. ONH targets 15% annual revenue growth, ONF 25–30%, and Sonans 5%, with ongoing investments in technology and student experience.
Fiscal Year 2024
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Leadership emphasized ongoing transformation and growth, with Sonans targeting 5% annual growth and a 15% adjusted EBITDA margin. Expansion through acquisitions and new online offerings is underway, while cost efficiency and market flexibility remain priorities.