Sweden · Delayed Price · Currency is SEK Scandic Hotels Group AB Earnings Call Transcripts
Fiscal Year 2026
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Q2 saw improved profitability and strong performance in Sweden, Norway, Denmark, and Ireland, while Finland lagged but is expected to stabilize in H2. Adjusted EBITDA margin rose to 13.3%, supported by disciplined cost control and strong cash flow. Dalata acquisition and portfolio expansion remain on track.
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Revenue grew 3% year-over-year, with organic growth near 5% and stable margins. Strong cash flow and a robust balance sheet support ongoing expansion, including the Dalata acquisition, while energy costs and renovations impacted results. Leisure demand remains strong, and outlook for Q2 is positive.
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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Revenues matched last year's record despite fewer rooms and FX headwinds, with strong results in Sweden and Norway offsetting challenges in Finland. New financial targets include a lower net debt goal and significant shareholder returns, while portfolio and digital initiatives support future growth.
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Q2 saw strong results with higher margins, driven by efficiency and cost control, and robust demand across the Nordics. Portfolio expansion continued, financial flexibility improved with refinancing, and the outlook for Q3 remains positive with stable bookings and room rates.