Cedergrenska AB (publ) (CEDER) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Skolkoncernen C.D. Grenska released their report earlier this afternoon for the second quarter of the year. The deadline is October to December. And to put some color on the numbers, I have the founder and board member, Niklas Pohl, with me in the studio. Welcome, Niklas. Thank you so much. It's great to be here. Let's start with the main topic of the report. The revenue of the movement increased by 14.6% to SEK 257 million. And the movement result, EBITDA, has an increase of 47%. to 18.9 million kronor. What is it that drives this strong growth? Basically, as it has been in the last quarter, everything is based on educational activities that are attractive, high quality, where there are children and students who want to go. We've had that basis for quite some time now. But then you look at it, it's the one that creates the opportunity to have these solid margins and surplus. But, as you mentioned, the improvement of the margin towards the same period last year is driven mainly by three things. One is, as you mentioned earlier, so you will recognize this, the efficiency program that we launched about one and a half years ago, with 20 million in full effect on a yearly basis in savings. That has now even more been incorporated into the whole organization in an even higher degree. We can come back to the details later, but it is a driving force. Then we have these acquisitions that we did and joined in the summer. The whole idea of co-operating on resources, it means that every new acquisition creates large distribution, scale distribution and contributes to increasing the margins in the company. We see this clearly from the last schools that arrived during the summer. The third point, which I think is very happy to see, is that our resource schools, especially under t...