eEducation Albert AB (publ) (ALBERT) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to today's presentation with Albert, where CEO Fredrik Benksson and CFO Erik Bei Lin will present the report for the first quarter of twenty twenty six. After the presentation, there will be a Q and A, so if you have any questions to the company, you can submit them in via the form to the right. And with that said, I hand over the word to you Fredrik. Thank you. Good morning and thank you for joining. I am Fredrik Bejtson, CEO of ALBERT and I'm joined today by our CFO, Erik Bejelin. Together, we will take you through ALBERT's first quarter report for January through March 2026. After the presentation, we will open up for questions. When we presented our year end results in February, we set a framework for this year: positive EBITDA and positive cash flow for the full year with quarterly variation. Q1 is our investment quarter. Today, I can confirm that Q1 delivered exactly what we communicated. We exited the quarter with DKK57.6 million in cash. That is the strongest position in more than a year and DKK15 million above year end. This is a business that generates cash. The revenue base is smaller than it was a year ago, but it is also fundamentally better. 96% recurring digital subscriptions, 95% from our core markets, The Nordics and The UK. That is a more focused and a higher quality starting point than we have ever had. Revenue and EBITDA in Q1 reflects timing and deliberate choices, not a change in trajectory. Let me explain what I mean by that. We made two choices in the second half of twenty twenty five that directly affect the numbers you see today. First, we scaled back customer acquisition during the management transition, prioritizing profitable sources over volume. Second, we activated continued revenue streams or discontinued revenue stre...