Cedergrenska AB (publ) (CEDER) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Yes, welcome to this report commentary with the school corporation C.D. Gränska. I have with me the founder and board member Niklas Pålsson. Welcome. Thank you so much. Nice to have you here again. You have released a report this morning for the first quarter, July and even September, in the broken year of 2014-2025. I think we will start by looking at some figures. The revenue of the movement rose to 253 million kronor, an increase of 19.3%. EBITDA rose to SEK 12.6 million against SEK 4.7 last year. The EBITDA margin rose to 5.0% against SEK 2.2 last year. What are your spontaneous reactions when you see these figures? First of all, we are very pleased with the quarter. This is exactly the type of start of the academic year we want to see in order to be able to reach the prognosis we have set for the whole year and to be able to feel that we are where we want to be in order to have this safe level of the sustainable economy in schools. It's completely according to our plan, I would say. You mention in your speech that you regularly have higher costs during the first quarter. Could you exemplify that a little bit? Yes, exactly. It is typically the case that in the school world, the first quarter is such a quarter that is burdened with a little extra costs. And it comes quite naturally that you have the school start. So what typically happens is that we go out with student computers, for example, to all or the majority of the students. And I think we mentioned in the report that this alone costs a little over SEK 6 million. Costs that are taken full out in this quarter. But of course, these are computers that have been used throughout the reading year and the cost does not come back later. And that's probably the biggest example of seasonal costs that come in the firs...