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
: Yes. Just to detail this strange effects in the quarter. The vacation effect, Katarina, when you look at it, would you say that this year is more normal
compared to history than previously or -- given where we stand or -- so it's back to normal? Or is there some sort of specific effect you expect to
reverse in the other direction next year?
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: And going into next year, I guess then everything is equal, we will see that the same kind of Q1 effect, so to say. That is -- this will be the new norm,
so to say that we should compare with?
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: Yes. And as you point out, I guess, for fiscal year, 12 months, it doesn't really matter that much anyway.
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: And just to understand this VAT change to the legal -- the tax authorities. Is that some sort of retroactive sum that ends up to SEK 15 million? Or if
you wouldn't get compensated, so to say, in contract, will this be a regular kind of quarterly kind of impacts?
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: And as you say, from January '22, then basically, you would just see this as an increase in the voucher amount you get for these kind of students,
but not the contribution from them on a net level.
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: Excellent. And final one. Good to see that you are getting Germany back onto the growth track again with these 8 units that you open. Can you
elaborate a little on how you've been able to staff them and how they have ramped up so far?
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: And could you elaborate a little how the pipeline looks for going into next year? Do you already have a similar kind of net new openings? Or how
has that developed?
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: Excellent, sounds promising. Just to -- one further then on the -- on Germany. I saw that you continue to increase your -- the book value of your
properties. Is that related to that bigger share of what's going on in Germany is done now in owned properties or...
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: But I was alluding to the property ownership, so to say, the ones that you own.
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: Okay. That's still just related to Norway. Perfect.
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