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3rd of August 2021

Adapteo Q2: Continued growth in 2021

The second quarter of 2021 was the first one to see full effects on sales and earnings from the acquired Dutch Cabin Group and Stord Innkvartering. We are now at an annualised run-rate of almost EUR 300 million in net sales and more than EUR 100 million in comparable EBITDA.

The building portfolio and our business offerings have been subject to constant improvements as capital expenditure has resulted in a marked modernisation and rejuvenation. The total building portfolio has increased and now stands at more than 1.2 million square meters.

By 1 July 2021 Adapteo had completed two years as an independent and publicly listed company. During these two years, Adapteo has built around 300 flexible schools and preschools for approximately 90,000 students and children. Towards the end of this period, the company became subject to a tender offer at a value of SEK 165 per share, or approximately EUR 800 million for all shares. I see this as a strong testimony to the scalable, efficient and resilient business model that we have built and refined over the last two years.

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