Academedia CEO disputes profit claims in Swedish school debate

Marcus Strömberg, CEO of the education group Academedia, has criticized the ongoing political debate regarding profit-driven schools in Sweden, labeling it “unserious” and “undignified.”

Addressing claims made by the Social Democrats during the election campaign, Strömberg disputed the assertion that the five or six largest private school groups extracted 8.5 billion SEK in profits over the last four years. He contends that the actual figure is closer to several hundred million SEK, stating that the company earns approximately 6–7 SEK in pre-tax profit for every 100 SEK earned.

Amidst these debates and the potential for new profit restrictions, Academedia has expanded its international presence, acquiring nine foreign school groups within a ten-month period.