Ambea AB (publ) (AMBEA) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome everyone. Today we will review Ambea's performance for the first quarter of 2025. My name is Mark Jensen. I'm CEO of Ambea and I'm joined by our CFO Benno Eliasson. Together we will walk you through our results and highlights and the key developments during this period. After that I will summarize the quarter and compare Ambea's performance to our financial targets before we open for questions. I would like to begin with a brief overview of Ambea. Ambea remains the leading care provider in Sweden, Norway, and Denmark, and with the market entry in Finland, we offer high-quality care and support for over 16,000 care receivers across more than 1,000 units in the four largest Nordic countries. And with that in mind, let's look at the acquisition of the Finnish business in Validia. The acquisition of Validia was closed according to plan on April 1st. Validia will be reported as a new business area and be consolidated in Ambea's accounts with full effect in the second quarter. The reception to Ambea's acquisition has been positive from Valida's employees and customers alike, and we are impressed with the quality and engagement of the local team. The integration of Valida is proceeding according to plan. Valida is a platform acquisition in a new market for Ambea, and the integration is therefore, in some parts, lighter than what we are used to when acquiring in existing markets. A key part of the integration is to pave the way for leveraging Ambea's shared knowledge and best practices across all our markets, contributing to a stronger Nordic welfare model. Most of the integration is expected to be completed in 2025, but the full integration will complete in 2026 with the establishment of Ambea's IT platform in Finland. The acquisition gave Ambea access to a sizeable...