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
: Just to come back to Adult Education first. When you look at the restructuring, you are down on the municipal side. Do you feel that you are more
or less through it? Or given the kind of volumes, you see for the moment or is there more to come?
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: Good to hear. And looking at the acquisition of Berghs School of Communication, what kind of synergies can you normally get out of that kind of
operation? Because I guess it's a decent-sized adult education operation, but looking at profitability over the last year, I've seen they've struggled.
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: And when you look at the high vocational side, this year is still going to be a growth year for you in total looking at that?
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: And then just to get your feel for it on a more high level. When you look at the ongoing cost inflation and the kind of voucher price increases you
have indicated and the potential you see for maybe efficiencies in your operation, increasing occupancy and so on. What kind of natural kind of
margin impact would you expect for the full year this year? I appreciate that Q1 is a seasonally small quarter for you.
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
OCTOBER 25, 2023 / 7:30AM, ACADE.ST - Q1 2024 AcadeMedia AB Earnings Call
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: So the full year, basically a balanced situation when you look at it.
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: Good. And good move also, I guess, by the Board to suggest this redemption program, even though I still think it's a little too complicated process
given that share buyback should be so much easier to enforce and drive and maybe less costly as well. But when you look at the redemption
program, is it -- are you planning to do it program, so to say, redeeming real share? Or are you looking to do it as a synthetic program issuing, say,
redemption shares and then canceling them back?
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: It's going to be like, say, 1/5 of the share are potentially going to be redeemed or something like that. That depend on the...
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: Sounds like a good move given the strength of the balance sheet and the ongoing cash flow of the operation, I guess. And if you look at this year
from an investment perspective, is there any big things that you see are coming up with the kind of plans you have for maybe next year, school
starts or anything like that, that we should have in mind?
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: And when you look at the campus strategy, Katarina, how many cities would be able to cater for that looking at your structure?
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: Good to hear and all the best out there.
| 
