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

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WEBVTT 00:00:00.773 -- 00:00:04.934 Good morning and welcome to Humana's 00:00:05.135 -- 00:00:07.195 Q1 2025 presentation. 00:00:07.195 -- 00:00:13.298 With us today we have our CEO Nathalie Bolas-Milsom and our CFO Kristoffer 00:00:13.298 -- 00:00:16.579 Herus. Please go ahead, Nathalie. 00:00:16.579 -- 00:00:18.319 Thank you. 00:00:18.319 -- 00:00:23.848 Let's start off with some highlights from quarter one. 00:00:23.848 -- 00:00:28.851 For the fourth quarter in a row, we saw a profitability improvement within 00:00:28.851 -- 00:00:34.094 our businesses with an adjusted EBIT improvement of 8% compared to last 00:00:34.094 -- 00:00:39.116 year. We also saw an adjusted EBIT improvement in Sweden of 11%, which was nice for 00:00:39.116 -- 00:00:41.116 us. 00:00:44.105 -- 00:00:49.330 We are continuing to have a good profitable organic growth in Norway. 00:00:49.330 -- 00:00:53.614 During Q1, we had a growth of 7.6% 00:00:53.614 -- 00:00:58.699 in Norway. We have finalized the investment of the elderly care units in 00:00:58.699 -- 00:01:01.982 Finland within the quarter. 00:01:01.982 -- 00:01:05.885 And we are leaving the elderly care by doing that in Finland. 00:01:05.885 -- 00:01:10.044 And we are supporting during a three-month period. 00:01:10.044 -- 00:01:15.227 the buyer and after that we will continue to adjust the overhead and we 00:01:15.227 -- 00:01:20.291 are also investing in child welfare services and disability and have done 00:01:20.291 -- 00:01:24.133 that during the quarter and open new units. 00:01:24.133 -- 00:01:29.617 We have seen a strong cash flow during the period with also with a net debt 00:01:29.617 -- 00:01:32.178 decrease to 2.6 00:01:32.178 -- 00:01:37.502 and we have repurchased our own shares with an amount of 55 million SEK during 00:...