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
: First of all, congrats to a fantastic development in the quarter, and good to hear that you're looking to maybe expose the EdTech operations little
more, say, ambitiously towards us as well. So I think that would be a key event.
And on that, obviously, you added educational products now also in the third quarter, going after this Norwegian company. Could you elaborate
a little on what your ambitions are in education and material? Is that -- is this a stand-alone thing? Will you report it separately? Is there a lot of
other opportunities for you to, say, consolidate this market and make it more of a, say, larger business units for you?
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: So going forward, will you look to be reporting this as a separate unit? Or it will be -- will it be in some sort of other function in your accounting or
in your reporting towards us?
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: Excellent. Yes, that sounds like a good idea if you highlight to us maybe, on an annual basis, what the size are on the operation or something like
that, so we can see the development over time. And looking at your investment in the quarter, you acquired some more preschools in Norway.
And if you just could, say, elaborate a little on the investment case going after Norway for the moment, right, it seems to be that the submarket
where you have the highest wage pressure and the lowest compensation levels coming through from authorities. How do you, say, work that
together?
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: Good. And Katarina, maybe you could explain to me the NOK 35 million in additional pension costs you see in Norway. You talked about it as a
revenue impact. What is the profitability impact of it? And why should that maybe be different?
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: And when you look at the normal compensation system in Norway, you're getting compensated basically index for the first 2 years and then on
budget in year 3 then. Is this amount something that should come back in '24-'25? Or how will it work?
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: Yes, both the pension and the wage inflation you see for the moment.
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: And one final for me. You highlight these 1,100 students that have been enrolled in the 21 schools in the upper secondary segments that you've
started in the last 5 years. How has capacity utilization been built up in these units? And is there still a lot of (inaudible) capacity to -- that you could
grow into, so to say, in that part?
Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst
: Exactly.
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FEBRUARY 01, 2022 / 8:30AM, ACADE.ST - Q2 2022 AcadeMedia AB Earnings Call
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