Preliminary Results for the year ended 31 August 2006
Nord Anglia Education PLC
Preliminary Results for the year ended 31 August 2006
Nord Anglia Education is a leading provider of education, training and childcare with three distinct operating divisions - International Schools, Learning Services and Nurseries.
HIGHLIGHTS
- Record operating profits from continuing operations (adjusted for goodwill impairment and exceptional items) of £9.0m, an increase of 29%
- Profit before tax on continuing operations (adjusted for goodwill impairment and exceptional items) increases by 56% to £5.8m
- Adjusted attributable earnings per share increased by 67% to 13.43p (2005: 8.04p)
- Outstanding performance in International Schools division with operating profit up by 133% on a like-for-like basis
- International Schools pupil numbers increase from 2,200 to 3,000
- Major strategic Learning Services contract wins in UK and overseas
- Strong Learning Services and International Schools pipeline in place
- Net debt reduced from £44.2m to £21.6m
Alan Kelsey, Chairman of Nord Anglia, comments:
"The year ended 31 August 2006 has been one of substantial progress as Nord Anglia moves from its past reliance upon earnings from its UK activities to a future which will increasingly be driven by its overseas operations. "The Board believes that the internationalisation of the Group will continue to create and generate excellent opportunities founded upon our heritage and reputation in UK education contracts and evidenced by our growing portfolio of contracts. "We look forward with considerable confidence to the future of Nord Anglia."
15 November 2006
Enquiries: Nord Anglia Education plc 01283 496583 Andrew Fitzmaurice, Chief Executive Stephen Hyde, Finance Director College Hill 020 7457 2020 Gareth David Anthony Parker
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