Cedergrenska AB (publ) (CEDER) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:02.574 I welcome Niklas Pålsson. 00:00:02.574 -- 00:00:06.919 You are the founder and working board member. 00:00:06.919 -- 00:00:11.604 Welcome. Thank you very much. It's great to be here. 00:00:11.604 -- 00:00:14.287 You are working 00:00:14.287 -- 00:00:16.931 hard. Let's start 00:00:16.931 -- 00:00:19.251 by looking 00:00:19.874 -- 00:00:22.817 at the figures 00:00:22.817 -- 00:00:25.438 for the fourth 00:00:25.861 -- 00:00:27.368 quarter. 00:00:27.368 -- 00:00:28.830 your 00:00:28.830 -- 00:00:32.797 revenue increases by 52.1% to over 367 million kronor. 00:00:32.797 -- 00:00:35.741 Is this in line with your expectations? 00:00:35.741 -- 00:00:40.870 Yes, I would say that this is mainly in line with the expectations, and of 00:00:40.870 -- 00:00:44.836 course driven by the acquisitions, 00:00:44.836 -- 00:00:49.484 the summaries that have taken place over the past year. 00:00:49.484 -- 00:00:54.592 The largest of them all is Apprendere Skolor AB, which came in here at the change of 00:00:54.592 -- 00:00:59.602 year. And before that, Nyköpings University of Education and Psychology came in last 00:00:59.602 -- 00:01:04.952 summer. So these activities make the growth as strong as they are. 00:01:04.952 -- 00:01:10.202 And in addition to that, we have also had preschools that I think have performed, because 00:01:10.202 -- 00:01:11.926 you asked a little about the expectations. 00:01:11.926 -- 00:01:18.416 It's been really fun to see that despite small children and tough demographics, 00:01:19.484 -- 00:01:23.715 the fact that the students have returned to our preschools to a greater degree than we 00:01:23.715 -- 00:01:25.820 had thought, is also helping to drive the revenue. 00:01:25.820 -- 00:01:27.645 Another 00:01:27.645 -- 00:01:3...