Q1 2025 Humana AB Earnings Call Transcript

Apr 24, 2025 / 07:00AM GMT

Release Date Price: €3.84 (-3.52%)

Transcript

Operator

Good morning, and welcome to Humana's Q1 2025 presentation. With us today we have our CEO, Nathalie Boulas Nilsson; and our CFO, Christoffer Herou.

Please go ahead, Nathalie.

Nathalie Boulas Nilsson

Humana AB - CEO

Thank you. So let's start off with some highlights from quarter 1. For the fourth quarter in a row, we saw a profitability improvement within our businesses, with an adjusted EBIT improvement of 8% compared to last year. We also saw an adjusted EBIT improvement in Sweden of 11%, which was nice for us. We are continuing to have a good profitable organic growth in Norway.

During Q1, we had a growth of 7.6% in Norway. We have finalized the divestments of the elderly care units in Finland within the quarter. And we are leading the elderly care by doing that in Finland, and we are supporting during a three month period, the buyer. And after that, we will continue to adjust the overheads. And we are also investing in child welfare services and disability, and have done that during the quarter and opened new units.

We have seen

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