Humana AB (publ) (HUM) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Humana's Q1 2025 presentation. With us today we have our CEO Nathalie Bolas-Milsom and our CFO Kristoffer Herus. Please go ahead, Nathalie. Thank you. Let's start off with some highlights from quarter one. For the fourth quarter in a row, we saw a profitability improvement within our businesses with an adjusted EBIT improvement of 8% compared to last year. We also saw an adjusted EBIT improvement in Sweden of 11%, which was nice for us. We are continuing to have a good profitable organic growth in Norway. During Q1, we had a growth of 7.6% in Norway. We have finalized the investment of the elderly care units in Finland within the quarter. And we are leaving the elderly care by doing that in Finland. And we are supporting during a three-month period. the buyer and after that we will continue to adjust the overhead and we are also investing in child welfare services and disability and have done that during the quarter and open new units. We have seen a strong cash flow during the period with also with a net debt decrease to 2.6 and we have repurchased our own shares with an amount of 55 million SEK during the quarter. The initiatives launched during the second half of 2024, aiming at increasing the cost efficiency, synergies, and the consolidation of our legal structure is well underway, moving as they should, and they have begun to give effect during Q1. The effects have partly been offset though by the system investments that we're making in order to further increase our efficiencies moving forward. And despite of what you may have seen the last few days in the media around personal assistance being overtaken by criminal gangs, we don't see that in our business and there are several positive signs But just to make a small comment on the me...