AcadeMedia AB (OSTO:ACAD)
kr 63.4 -1.7 (-2.61%) Market Cap: 6.43 Bil Enterprise Value: 19.09 Bil PE Ratio: 10.11 PB Ratio: 1.02 GF Score: 67/100

Q1 2025 AcadeMedia AB Earnings Call Transcript

Oct 24, 2024 / 07:30AM GMT
Release Date Price: kr62.7 (-4.71%)

Key Points

Positve
  • AcadeMedia AB (FRA:V8T) reported a 12% growth in the first quarter, with 6% being organic growth.
  • The company is expanding internationally, nearing 100 units in Germany, indicating strong international development.
  • AcadeMedia AB is recognized as a leading vocational trainer in Sweden, benefiting from government investments in vocational training.
  • The company's quality model is considered a role model in Sweden, with strong performance in school inspections.
  • The adult education segment showed a significant increase in adjusted EBIT, driven by higher demand in vocational education.
Negative
  • The first quarter is seasonally small, impacting net sales and profit margins negatively.
  • Free cash flow was negative at SEK225 million, worse than the previous year's SEK127 million, due to unfavorable working capital development.
  • Adjusted EBIT decreased in the preschool, international, and compulsory school segments.
  • The preschool segment faced a negative margin of -0.8%, affected by seasonal closures and acquisition impacts.
  • Higher personnel and maintenance costs led to a decrease in operating profit in the compulsory school segment.
Marcus Stromberg
AcadeMedia AB - President, Chief Executive Officer

So good morning, everybody. And thank you very much for your time. And when we will present our quarter, one interim report for 2025 and I will do this together with Petter Sylvan, that is the CFO and I will give you a short update about the business development in the first quarter and also some comments on the quality development in the company.

And the first quarter in AcadeMedia is a small quarter when it comes to the revenue and the profit, but it's an important quarter for AcadeMedia as a company. And we think that we have started this year very stable with a growth of 12% where 6% is organic and the international development is still strong in the company and we are now reaching for 100 units in Germany.

We are at 98 for the moment and we see a strong development when it comes to our international business and the government in Sweden, they really invest now in vocational training. I think it will be more than 100,000 students. The budget for this year is very important that to go ahead with the supply of skills

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