Q2 2025 Scandic Hotels Group AB Earnings Call Transcript
Key Points
- Scandic Hotels Group AB (FRA:10H) reported strong organic growth of 2% in Q2 2025, despite negative currency effects.
- The company achieved a significant improvement in cash flow compared to the previous year, with operational cash flow amounting to SEK2.3 billion over the last 12 months.
- Norway delivered a robust performance with over 6% organic growth, contributing positively to the overall results.
- Scandic Hotels Group AB signed agreements for three new hotels during the quarter and announced a new hotel in Hamburg post-quarter, indicating continued expansion.
- The company launched a new website aimed at enhancing customer experience and driving sales, reflecting a focus on digital transformation.
- Adjusted EBITDA for Q2 2025 was SEK723 million, down from SEK841 million in the same quarter last year, primarily due to calendar effects, currency headwinds, and the absence of one-off items.
- Finland's market performance remained challenging, with occupancy rates still recovering and impacted by external factors such as the war between Russia and Ukraine.
- Currency effects negatively impacted the results by approximately SEK22 million, highlighting exposure to foreign exchange fluctuations.
- The company's average room rate declined slightly compared to last year, with weak price development particularly evident in Finland.
- The acquisition of Dalata Hotel Group's operations will temporarily increase leverage, potentially exceeding the current target, which may impact financial flexibility.
Welcome to the Scandic Hotels Group Q2 2025 presentation. For the first part of the conference call, you will be in listen-only mode. (Operator Instructions) Now I will hand the conference over to the speakers, CEO, Jens Mathiesen, and CFO, Par Christiansen. Please go ahead.
Thank you very much, operator, and good morning, everyone, and thank you for joining us this morning. As said by the speaker, my name is Jens Mathiesen, I'm the CEO of Scandic. And together with me, I have our CFO, Par Christiansen. Please turn to page 2.
We have, as you know, a packed agenda today, and we will start by presenting the second quarter and then after that, we will turn to the exciting news we announced earlier today that we are pursuing the opportunity to acquire the hotel operations of Dalata Hotel Group.
So let's jump into the second quarter, and please turn to page 4. All in all, we delivered a very good quarter with organic growth and strong cash flow. Net sales amounted to SEK5
| 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
