Cedergrenska AB (publ) (CEDER) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to this live broadcast of the report Commentary with the education group CD Grenska. The board leader Niklas Poulsson is in the studio to answer my questions about activities and results in the quarter. The third quarter is the broken year of accounting, 2025-2026. Even you who are watching live can ask questions in the live chat. Niklas, welcome. Thank you, it's great to be here again. You are working hard with your growth. It looks very good on all levels. The share price has also started to climb. How would you describe the quarter? I'm going to describe the quarter as you mentioned. It's a very, very stable quarter. I think it's fun and important for all external parties to see that when we no longer... Our growth is driven by this big apprenticeship acquisition. Because it has been done for a year. But now we're past that point. So what does our usual bread and butter... growth strategy. In summary, we are now tugging at 14% growth in revenue with very stable margins. So I think that's exactly where we're going to be. So a completely right margin level for the situation right now. We can come back to that later, why that is. And a completely right pace on smart connections that drive the top line. If I connect this to your financial goals, then the growth rate in the quarter was 14.1, the goal is 10-15. EBITDA margin, where the goal setting is 6-8%, you came in at 8.2. And net debt against EBITDA, where the goal is twice, now it is at 0.5, so there is some room. There is room for improvement. We work with the capital structure, so the debt will of course also be affected by the pace of acquisitions in the future. But since we have grown faster than we thought, we have been more profitable than we thought, the debt level is still very low. Maybe not optim...