AcadeMedia AB Q3 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst : Marcus, looking at -- say, you described the political turbulence and noise in the market, and you're obviously into the important part of the year where you are attracting, say, new students and children for what's going to happen in the autumn, so to say. And looking at that process, do you feel that the political noise is making it more difficult for you to attract students and maybe also qualified teachers at this stage?

Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst : And when you look at the motivation level, so to say, in your -- among your employees, has it -- have you done something extra to meet this internally, so to say, to keep the spirit high? Or how are you working with it?

Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst : And when you look at, say, principals at your school and teachers, you haven't seen any say change to, say, the personal turnover or anything like that in this process?

Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst : Good to hear, good to hear.

Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst : And coming back to also then the Adult Education area and the normalization, as you say. When you look at the normal mix here in this area, say, in -- where -- how do you see the different kind of -- the split between the different subsegments then, sir?

Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst : Good to hear. And I remember prior to the last election, you saw a very, very strong business. I guess the Democrats put a lot of extra money into Adult education coming up for the last election to get the unemployment rates down. And then suddenly after the election, all that money was gone. Have you seen the same kind of thing this time around, that there is a lot of money on the table prior to the election and the risk for money going off the table after?

Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst : Excellent. Good to hear. And just to finalize, on Adult Education, this move into the U.K. market sounds very interesting. What should that become in size over time if it turns out the right for you?

Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst : And if you're looking at the total market in these segments, could you give us some idea about, say, the size of the market in the U.K. for this or Germany or something like that, so we can have an idea comparing it to maybe to Sweden? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MAY 05, 2022 / 7:30AM, ACADE.ST - Q3 2022 AcadeMedia AB Earnings Call