Preliminary Interim Results Announcement

Nord Anglia Education PLC
29 April 2008

Preliminary Interim Results for the six months ended February 29 2008

Nord Anglia Education is a leading provider of education and training with two operating divisions, International Schools and Learning Services.

Highlights

• Revenue from continuing operations up 29% to £42.9m.
• Profit on ordinary activities before net finance costs and exceptional items up 11% to £4.9m (2007: £4.4m).
• Profit on ordinary activities before tax and exceptional items up 52% to £4.6m (2007: £3.0m).
• Profit on ordinary activities before tax up 66% to £4.6m (2007: £2.8m).
• EPS from continuing operations before exceptional items up 42% to 7.6p (2007: 5.4p).
• International Schools operating profit up 10% to £3.6m (2007: £3.2m) with operating profits on established schools up 34% at £5.1m (2007: £3.8m).
• Net finance costs, reduced to £0.3m (2007: £1.4m) following disposal of Nursery division.
• Net cash of £4.2m with facilities in place to support expansion.

The items highlighted reflect those measures that the Directors' believe are the most important for understanding the financial information for the period. Where these items do not represent a statutory measure, the equivalent statutory measure has been provided. Established schools exclude those recently opened in Seoul, Nanxiang and Ningbo.

Alan Kelsey, Chairman of Nord Anglia, comments:

'The first half of the 2007/8 year has been pleasing with a good increase in operating profits and earnings per share. The International Schools Division's occupancy fill up rate has been encouraging and Learning Services continues to secure new contract wins and renewals. The Board's expectations in respect of earnings for the year remain unchanged and the Board looks to the future with increasing confidence.

View full interim results announcement 

View interim results presentation

ENQUIRIES:

Nord Anglia Education plc                            01283 496583
Andrew Fitzmaurice, Chief Executive
David Smith, Finance Director

College Hill                                                        020 7457 2020
Anthony Parker
Gareth David