Lumi Gruppen AS

Lumi Gruppen AS

LUMI.OL
Lumi Gruppen ASNO flagOslo Stock Exchange
19.00
NOK
- -
- -
1.10BMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
14.02
14.89
14.22
8.32
7.88
8.73
8.59
Basic EPS, GAAP
0.98
1.5
1.13
-5.46
0.25
0.5
-5.64
Free Cash Flow per Basic Share
3.95
2.69
1.55
0.46
0.9
0.78
0.47
Dividend per Share
- -
- -
1
- -
- -
- -
- -
Book Value per Share
0.12
1.77
1.88
-3.97
-3.26
-2.71
-4.1
Tangible Book Value per Share
-18.25
-12.46
-12.42
-5.24
-4.18
-3.72
-5.41
Basic Weighted Avg Shares
37
36
36
51
57
58
49
Sales/Revenue/Turnover
517
530
512
421
449
505
421
Operating Margin (%)
24.99
21.06
16.74
8.33
11.82
14.13
8.33
Depreciation Expense
66
55
55
55
47
48
55
Net Income, GAAP
36
59
41
-276
14
29
-276
Effective Tax Rate (%)
22.46
21.5
21.79
- -
23.27
23.14
22.92
Profit Margin (%)
7.03
11.14
7.95
-65.64
3.13
5.69
-65.64
Working Capital
-182
-62
-75
-56
-49
-264
-56
LT Debt
655
537
519
412
452
187
412
Total Equity
295
532
538
450
492
520
450
Return on Invested Capital (%)
- -
7.95
5.94
- -
4.19
5.52
- -
Return on Capital (%)
- -
12.47
9.68
- -
14.06
18.59
200.24
Return on Common Equity (%)
- -
158.69
62.45
- -
- -
- -
34.86

Capital Structure

FRC

in mil. unless spec.
Jun'23
Sep'23
Dec'23
ST Debt
45
62
86
LT Borrowings
283
283
257
LT Finance Leases
91
189
155
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
55
55
55
Market Capitalization
652
735
683

Working Capital

FRC

in mil. unless spec.
Jun'23
Sep'23
Dec'23
Total Current Assets
101
215
99
Cash, Cash Equivalents & STI
62
127
68
Accounts Receivable, Net
22
66
27
Inventories
- -
- -
- -
Total Current Liabilities
95
222
155
Payables & Accruals
- -
- -
- -
ST Debt
45
62
86
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
16.04%
5.85%
Free Cash Flow
- -
-4.75%
-12.27%
Net Income, GAAP
- -
-149.48%
104.61%
Sales/Revenue/Turnover
- -
0.1%
12.58%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
107
104
104
106
421
2024
- -
- -
- -
- -
449
2025
- -
- -
- -
- -
505

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.05
-4.89
0.02
- -
-5.46
2024
- -
- -
- -
- -
0.25
2025
- -
- -
- -
- -
0.5

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Nina Vesterby
Full Time Employees
363
Sector
Consumer Defensive
Industry
Education & Training Services
Address
Sandakerveien 116 Oslo Norway 0484
IPO Date
Feb 18, 2021
Business
Lumi Gruppen AS operates as a leading private education provider in Norway through its Sonans and Oslo Nye Hoyskole (ONH) segments; Sonans offers private candidate exam preparation courses for high school graduates and dropouts across nine campuses with both campus-based and online delivery; ONH provides bachelor and master's programmes, annual programmes, single-subject courses in psychology, health, social sciences, and business administration, as well as practical and online programmes in technology, design, digital innovation, and vocational IT education through Oslo Nye Fagskole (formerly NTech); the company also operates private candidate schools and facilitates student transfers to partner universities abroad, serving approximately 4,400 students at Sonans and 3,300 at ONH with a mix of online (over 50%) and campus-based learning supported indirectly by the Norwegian State Educational Loan Fund. Founded in 1989 and headquartered in Oslo, Lumi Gruppen targets working adults, high school completers, and higher education seekers in Norway with no direct public funding. Recent developments include strong revenue growth with 11% operating income increase to NOK 235.9 million and adjusted EBIT up 31% to NOK 36.2 million in H1 2025, 14% revenue growth from new contracts for the 2025/26 academic year at ONH reflecting sustained demand for online tertiary education, projected total revenue growth of 14% to NOK 323-326 million for 2025/26 driven by efficiency initiatives and stable student volumes at Sonans, establishment of a new long-term management incentive plan in November 2025, and ongoing exploration of bolt-on acquisitions, technology enhancements for AI capabilities, expansion into adjacent markets like corporate training, and new geographies leveraging online expertise.