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: Stephan Knutson - ABG - Analyst
: Hello and good morning a couple of questions from me. First on the preschool, profitability. I know that you commented last time around that you
saw that you were in a higher level in terms of profitability in H2 and that you expected that level sort of to be the new level just to comment here
because now you came in lower in Q1, it might be an effect of the acquisition in Finland. But just if you still see the same full year effect that you
alluded to on the, on the previous call.
Question: Stephan Knutson - ABG - Analyst
: Yeah, perfect. They're non-compulsory profitability as well. Just to get an understanding what should be the expectation here because here we
shouldn't have any differences effects but yeah, just to comment because you are 1.3 percentage points lower this quarter compared to last year
in terms of profitability there.
Question: Stephan Knutson - ABG - Analyst
: Perfect. And then lastly just on the student intake in the upper secondary school segment. And if you're happy with the development, I mean you
increase the capacity utilization somewhat but there is still some way to go. I suspect given that you have opened a couple of new schools here in
the last couple of years.
Question: Stephan Knutson - ABG - Analyst
: Yeah. Is it like if you, if we think a bit more long term, is it comparable to see what you have in terms of capacity utilization in the compulsory schools
versus upper secondary or can you comment anything on that?
Question: Stephan Knutson - ABG - Analyst
: I Mean, what's the target level because I think you are at 93% or 94% somewhere in the, in the compulsory schools.
Question: Stephan Knutson - ABG - Analyst
: Okay. Thank you very much for your answers. That was all for me.
Question: Karl-Johan Bonnevier - DNB Markets - Analyst
: Yes, good morning, Marcus and Petter. Yeah, just a couple of questions from me looking at the two land and you have never owned it for a while.
And obviously the seasonality you pointed to is similar to a lot of the other operations when you look at it. Now, does it seem to have the potential
you were looking for when you acquired it? And how would you compare it maybe to the Swedish operation or the, the, the Norwegian operation
in their margin? Potential?
Question: Karl-Johan Bonnevier - DNB Markets - Analyst
: But mid long term it should be up to towards maybe the group average for the preschool or something like that.
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OCTOBER 24, 2024 / 7:30AM, ACADE.ST - Q1 2025 AcadeMedia AB Earnings Call
Question: Karl-Johan Bonnevier - DNB Markets - Analyst
: Excellent. In the upper secondary, you single out that it was favored temporary cost. Is there anything you could quantify as you didn't single it out
in the in the compulsory school segment? So, to say in a similar way where it was negative.
Question: Karl-Johan Bonnevier - DNB Markets - Analyst
: Excellent. And I understand the wording and looking at--
Question: Karl-Johan Bonnevier - DNB Markets - Analyst
: That must be perfect if you can balance it and balance it already down on the unit level rather than having some sort of central kind of effort on it.
So, looking at adult education, obviously amazing margins in the in the first quarter. Do we still looking at something more similar to the LTM trend
that you feel confident within the '10% to 11% range this year? Given the temporary effects you also highlighting in adult education,
Question: Karl-Johan Bonnevier - DNB Markets - Analyst
: Perfect. And you mentioned the weak working capital and the impact of that in the free on the free cash flow in the first quarter. Is there anything
that is recurring in that or is that going to neutralize over the next couple of quarters or how do you see it?
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OCTOBER 24, 2024 / 7:30AM, ACADE.ST - Q1 2025 AcadeMedia AB Earnings Call
Question: Karl-Johan Bonnevier - DNB Markets - Analyst
: And just to would be interesting to hear your reasoning. I saw the release on the board suggesting of a redemption program of a maximum of
SEK300 million obviously a slight uptick there compared to last year. But how did you come to that that kind of number and then that kind of
ambition given your super strong financials?
Question: Karl-Johan Bonnevier - DNB Markets - Analyst
: And we should see -- as this is the 2nd year. Now in a row that you come with this redemption program, should we see it as a recurring event going
forward? If the financial situation looks in a similar way coming up to the end of this fiscal year.
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OCTOBER 24, 2024 / 7:30AM, ACADE.ST - Q1 2025 AcadeMedia AB Earnings Call
Question: Karl-Johan Bonnevier - DNB Markets - Analyst
: Well, good answer. This should be a strategy. Not a strategy should be a tactical thing if you use it, I guess I'm looking forward to see on your
acquisition move and all the best out there.
Question: Johan L÷nnqvist SundTn - Carnegie Investment Bank - Analyst
: My question was actually on the adult, the margin of the adult business going forward. I think we covered it well. So, I'm happy with the answer I
received. Thanks a lot, and congratulations. Good development to get back in line.
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