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Lumi Gruppen AS ( (DE:8KS) ) just unveiled an announcement.
Lumi Gruppen reported significant improvements in revenue and profitability in the second half of 2024. The Oslo Nye Høyskole (ONH) division maintained its growth trajectory with an 18% increase in revenue, while the Sonans segment reversed its previous decline with a 6% revenue growth. The group’s total revenue reached NOK 238.8 million, marking a 14% increase, and its net profit turned positive. The company anticipates continued growth into 2025, driven by a strong financial performance and strategic acquisitions.
More about Lumi Gruppen AS
Lumi Gruppen is a prominent Norwegian education provider established in 1989, comprising two main divisions: Sonans and Oslo Nye Høyskole. Sonans is a market leader in Norway for private candidate exam preparation courses, while Oslo Nye Høyskole offers high-quality bachelor’s degrees in health, social sciences, psychology, and business administration, available both on campus and online.
YTD Price Performance: 1.89%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €75.02M
See more data about 8KS stock on TipRanks’ Stock Analysis page.