eEducation Albert AB (publ) (ALBERT) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to today's FinWire presentation with Albert. After the presentation, there will be a question and answer session. So if you have any questions, you can submit them in English using the form on the right. With that said, I'll hand the floor to you, CEO, Frederic Bengtsson and CFO, Erik Bergerlin. Please go ahead. Good morning, and thank you for joining. I am Frederic Bengtsson, CEO of ALBERT. And with me today is our CFO, Erik Bergerlin. We will take you through Albert's report for the second quarter and first half of twenty twenty six. After the presentation, we will open up for questions. Moving on. Let me start with the number that matters the most. EBITDA from continuing operations improved to minus SEK1.6 million from minus SEK6.6 million a year ago. That is a SEK5 million improvement, and it happened in the half of the year where we deliberately invest the most. Group EBITDA was positive at SEK 2,300,000. This is supported by a one off gain from the holy hourly deconsolidation. The structural story is in continuing operations, and that story is SEK 5,000,000 better than last year. Operating cash flow from the first half was SEK 8,100,000. Last year, the same figure was negative. We hold SEK 49,000,000 in cash. We have zero bank debt. In February, we said 2026 would deliver a positive EBITDA and a positive cash flow for the full year, with quarterly variation and a front loaded investment profile. We followed that plan. But the numbers were only half of this quarter. The other half was directions. In June, we announced three things. First, mathematics is now at the heart of our strategy. We're launching a new standalone AI venture, and we have initiated a strategic review of Swedish film, and I will come back to each of them. Moving on Thank yo...