Preliminary Results for the year ended 31 August 2007NordAnglia Education PLC
14 November 2007
Nord Anglia Education is a leading provider of education and training with two
operating divisions - International Schools and Learning Services.
Highlights
- Strong performance of continuing Group with operating profits (before
exceptional items) of £8.7m, an increase of 20% - Profit before tax on continuing operations (before exceptional items) of
£6.3m represents an increase of 66% (2006 : £3.8m) - EPS from continuing operations (before exceptional items) up by 25% to
9.38p (2006: 7.50p) - Net consolidated loss of £54.0m (2006: £3.9m) following the discontinuance
of the Nurseries Division and exceptional items - Further strong growth in International Schools with operating profits
increased by 49% to £7.0m - Pupil numbers within International Schools increased by 30% to 3,140
- Sound performance in Learning Services delivering operating profit of
£7.1m - Disposal of Nurseries Division allows a clear focus on the development of
the higher margin remaining businesses - Net cash position following Nurseries disposal and rebanking to fund
growth
Alan Kelsey, Chairman of Nord Anglia comments:
The year under review has been particularly busy and challenging with a substantial disposal, strongly improved underlying profits, a transformed balance sheet, a major rebanking, a rejected bid approach and a number of Board changes. The Group is now stronger, more focused, with improving profitability and higher visibility. Given that considerable new capacity continues to be added in the International Schools business, we remain confident of another year of progress and that there are very substantial long-term prospects for the business.
14 November 2007
Enquiries:
Nord Anglia Education plc 01283 496583
Andrew Fitzmaurice, Chief Executive
David Smith, Finance Director
College Hill 020 7457 2020
Anthony Parker
Gareth David
View the full preliminary results announcement View the preliminary results presentation
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