ADvTECH Ltd 2020 IR
The report details ADvTECH's performance for the fiscal year ended December 31, 2020, highlighting its resilience during the COVID-19 pandemic. The company successfully transitioned over 75,000 students to online learning within three weeks without losing a single academic day. Financially, group revenue increased by 8% to R5.5 billion, and free operating cash flow before capex rose by 39% to R799 million. ADvTECH also launched two new brands, Evolve Online School and MindSharp, to expand its digital education offerings. Additionally, the company invested R216 million in corporate social initiatives, supporting 501 projects.
Company: ADvTECH Ltd
Sector: Education
Country: South Africa
Year: 2020
Type: IR
Pages: 168
Back to company
ADvTECH Ltd
Annual Integrated Report
The report details ADvTECH's performance for the fiscal year ended December 31, 2020, highlighting its resilience during the COVID-19 pandemic. The company successfully transitioned over 75,000 students to online learning within three weeks without losing a single academic day. Financially, group revenue increased by 8% to R5.5 billion, and free operating cash flow before capex rose by 39% to R799 million. ADvTECH also launched two new brands, Evolve Online School and MindSharp, to expand its digital education offerings. Additionally, the company invested R216 million in corporate social initiatives, supporting 501 projects.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Published
Apr 20, 2021
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Employees