The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: A couple of questions. First, on the Upper Secondary School side, you had a good student growth. Could you elaborate a little how you saw the
growth in Tier 1 students within that?
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: You would agree to that it's fair to assume that you are taking your part of the demographic growth, which I think was 2% for the student year or
something like that? Is that...
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: And turning to Adult Education, could you give us some sort of feeling for the average length of these programs that you are now in start-up of,
so to say? Is this something that will keep with you for the next 6 months? Or is it yearly programs? Or how does it work in the different segments?
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: So can we -- yes, for purpose of, say, guidance going forward and so on, how relevant is a Q1 performance in Adult Education as guidance for
coming quarters? Is there some sort of guideline for that?
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: Sounds promising.
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: And is there any overall, say, rule of thumb, how much of the Adult Education lines or curriculums that can be done online at this stage? Or how
many of your students that can be with the -- be, say, handled online rather than classrooms?
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: And I guess the other side of this strong development in Adult Education is that -- and that partly benefited you is the ramping of employees, so
to say, the staffing and teacher. Do you have a good access to qualified teachers? Or is that a limiting factor for the moment that is putting you
under constraints?
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: Excellent. And what are your expectations for the upcoming wage negotiations in Sweden? What kind of guidance would you give?
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: No, the wage negotiations.
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: Excellent. And congratulations to a good start to the year.
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