Sweden · Delayed Price · Currency is SEK Scandic Hotels Group AB Earnings Call Transcripts
Fiscal Year 2026
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Q1 delivered stable growth, with revenue up 3% and organic growth near 5%. Margins and cash flow remained strong, despite higher energy costs and ongoing renovations in Finland. Dalata integration is on track, and the outlook for Q2 is positive with strong demand and robust financials.
Fiscal Year 2025
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Solid organic growth and improved profitability in Q4 2025, with strong performance in Sweden, Norway, and Denmark, while Finland shows early signs of recovery. The Dalata acquisition is on track, cash flow is robust, and 2026 is expected to bring further growth in occupancy and room rates.
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Q3 saw strong sales, EBITDA, and cash flow, with robust Nordic market performance and disciplined cost control. The Dalata acquisition is on track, expected to be highly EPS accretive and to strengthen presence in Ireland and the U.K. Leverage remains low, supporting future growth.
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Delivered solid Q2 results with SEK 5.8B in net sales and strong cash flow, despite currency and calendar headwinds. Announced a EUR 500M acquisition of Dalata's hotel operations, expanding into Ireland and the U.K., with expectations for continued growth and robust Q3 bookings.
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Q1 saw 3% net sales growth and a strong margin improvement, with adjusted EBITDA more than tripling year-over-year. Bookings and demand for spring and summer are ahead of last year, supported by a robust event calendar and stable domestic business.
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Ambitious growth targets include 10,000 new leased and 5,000 franchise rooms by 2030, with a focus on the Nordics and Germany. Enhanced digitalization, operational efficiency, and sustainability drive profitability, while strong cash flow supports dividends and buybacks.
Fiscal Year 2024
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Q4 delivered strong year-over-year growth in Adjusted EBITDA and margins, driven by efficiency, cost control, and portfolio optimization. Positive outlook for 2025 with stable demand, new hotel signings, and robust shareholder returns through dividends and buybacks.
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Q3 saw stable revenues and strong performance in Sweden and Norway, while Finland remained challenging. New loyalty initiatives, a partnership with SAS, and a robust pipeline support growth, with a focus on shareholder returns and a net debt target below 1x EBITDA.
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Q2 saw strong results with higher margins, improved efficiency, and robust demand across the Nordics. The pipeline expanded, refinancing enhanced flexibility, and outlook for Q3 remains positive with stable bookings and higher room rates.