Q4 2025 Scandic Hotels Group AB Earnings Call Transcript
Key Points
- Scandic Hotels Group AB (FRA:10H) reported good organic growth with revenues increasing by 1.6%, and more than 4% when adjusted for currency effects.
- The company experienced strong cash flow development and maintains a robust financial position, proposing an ordinary dividend of SEK2.60 per share.
- Occupancy rates increased across the Nordic markets, with Norway maintaining solid levels and Denmark showing strong performance with RevPAR growth of over 15%.
- The acquisition of Dalata is progressing well, with operations performing in line with expectations and contributing positively from day one.
- The company completed several major initiatives, including a new web and app and a loyalty program, which are expected to strengthen the commercial and operational platform in 2026.
- Finland remains a challenging market with cautious demand and pricing pressure, particularly in larger cities where capacity has increased.
- Currency headwinds negatively impacted the top-line by SEK183 million in the fourth quarter and over SEK500 million for the full year 2025.
- Central costs were higher in the fourth quarter due to finalizing major initiatives, although they are expected to stabilize in 2026.
- The Finnish market's recovery is uncertain, largely impacted by external factors such as the ongoing war in Ukraine.
- The company faces potential challenges in integrating Dalata's operations, although they currently have good visibility and control over costs.
Thank you and good morning everyone. And thank you for joining us here for our Q4 presentation. I'm Jens Mathiesen, I'm the CEO of Scandic and as usual, I'm here together with our CFO, Par Christiansen.
So, let's, dive into the highlights. Please turn to page 2.
Looking at the quarter, I'm pleased with the performance. We delivered good organic growth and a solid result with revenues and profitability improving in all segments except Finland.
Occupancy increased across the Nordic markets, with Norway remaining at solid levels in line with last year, while price development varies somewhat, the overall price dynamics are healthy.
We also see favorable conditions in both Ireland and the UK. Revenues grew by 1.6%, and when adjusting for currency effects, organic growth was more than 4%.
In Sweden and Norway, our two largest markets, organic growth was around 8% and, in another Europe, around 4%. So, on an underlying basis, excluding currency effects, performance was good across most
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
