AcadeMedia AB (FRA:V8T)
€ 5.42 -0.15 (-2.69%) Market Cap: 556.79 Mil Enterprise Value: 1.65 Bil PE Ratio: 10.43 PB Ratio: 1.05 GF Score: 89/100

Q1 2023 AcadeMedia AB Earnings Call Transcript

Oct 25, 2022 / 07:30AM GMT
Release Date Price: €4.39 (-6.15%)
Operator

Good morning, and welcome to the AcadeMedia Q1 2022-2023 Earnings Call. (Operator Instructions)

I would now like to turn the conference over to CEO, Marcus Stromberg; and CFO, Katarina Wilson.

Marcus StrÃ;mberg;publ;President;CEO
AcadeMedia AB

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Thank you very much. And we say good morning to you all to this presentation of the Q1 result of AcadeMedia. I will make a short introduction and then I will hand over to Katarina.

And if we look at this first quarter, we can say that we have started in a good and stable way with a good growth and the demand in the education sector is strong and we believe it will continue to be strong. We have grown a lot. We have grown the preschool segment with more than 8%. And in Germany, that has been a focused market for us. We have grown with more than 20%. In Germany, we have added, according to the plan, 15 new units. And we have also entered a new country, that is the Netherlands. And we have started to acquire a platform of maybe 10

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