Humana AB (publ)

Good morning and welcome to Humana's Q3 2025 presentation. Today, our CEO, Nathalie Boulas-Nilsson, and our CFO, Christoffer Heroux, will present the development in the quarter. Please go ahead, Nathalie.

Thank you. We will give you a short introduction, followed by financials and operational performance. We will then wrap it up with concluding remarks and open up for questions. Demana is a Nordic care provider with a high degree of specialized care. We are market leaders within children and young and personal assistance. We drive our development through digitalization, AI, sustainability, and by measuring the outcome of our services. We had an all-time high profit and the best margin in several years of 8.3%. The turnaround in Finland is completed successfully. we have a significant profit improvement in personal assistance, and we have continued improved profitability in Norway, now up to 9%. This, together with reduced financing costs, the earnings per share is up with 32% year over year. We have tripled our pipeline in targeted areas, which gives us confidence in our growth strategy moving forward. We will get back more on this topic in coming presentations. Humana has also taken the lead within the sustainability area, and all in all, we are in a strong position for continued positive development. During the quarter, Humana received validation by SPTI on our climate targets. We were the first amongst our peers to achieve this. We are also the first to test both short- and long-term net zero targets, something we are very proud of. Humana has during the year been ranked as the number one in sustainability, which is part of the Morningstar group. For us with a high degree of specialized care for customers and clients with complex needs and challenging behaviors, the work environment is an important part of the sustainability agenda. We have during the year paid extra attention to ensuring our employees have the right competence tools and support. It is crucial that we succeed in our work with risk assessments and prevention. And now over to you, Kristoffer, for the financials.

Thank you, Natalie, and good morning, everyone, on the call. In our LCM revenues, we see a slight growth over the last year. During the last year, we have divested the elderly care business in Finland, and as Natalie pointed out, we have a focus on organic growth. This work has resulted in an increased pipeline of new projects. Over time, we see a positive trend in the adjusted habits. The weak first half of this year for Finland burdens the group. But with a turnaround in Finland and the highest ever recorded EBIT for a single quarter, we have a positive outlook moving forward. In Q3, we had good operational improvements coming from both Sweden and Norway, while Finland was a little bit behind in absolute figures. In the comparison between the quarters, it is also worth to note the effects coming from the divested elderly care business in Finland.