Cedergrenska AB (publ)

I welcome Niklas Pålsson. You are the founder and working board member. Welcome. Thank you very much. It's great to be here. You are working hard. Let's start by looking at the figures for the fourth quarter. your revenue increases by 52.1% to over 367 million kronor. Is this in line with your expectations?

Yes, I would say that this is mainly in line with the expectations, and of course driven by the acquisitions, the summaries that have taken place over the past year. The largest of them all is Apprendere Skolor AB, which came in here at the change of year. And before that, Nyköpings University of Education and Psychology came in last summer. So these activities make the growth as strong as they are. And in addition to that, we have also had preschools that I think have performed, because you asked a little about the expectations. It's been really fun to see that despite small children and tough demographics, the fact that the students have returned to our preschools to a greater degree than we had thought, is also helping to drive the revenue.

Another thing that struck me when looking at the figures for the fourth quarter is that Your EBITDA margin goes up to 9%. Here you have a goal between 6-8% and that is up from 7.4%. How have you managed this?