Scandic Hotels Group AB (STU:10H)

Q2 2026 Scandic Hotels Group AB Earnings Call Transcript

Jul 15, 2026 / 07:00 AM GMT

Release Date Price: €7.3 (-6.23%)

Transcript

Key Points

Positve

Scandic Hotels Group AB (FRA:10H) reported solid growth and improved earnings with a higher profitability margin of 13.3% compared to 12.5% last year.
The company experienced strong demand in capital cities such as Stockholm, Copenhagen, and Dublin, supported by a busy event calendar and stable business travel.
Scandic Hotels Group AB expanded its portfolio with new hotel openings and signings, including the ScandiGo brand, which is gaining traction in prime locations.
The company secured a long-term financing framework of SEK 7.5 billion, providing financial flexibility for future growth and acquisitions.
Despite a six-week hotel strike in Norway, the company managed to perform well, showcasing operational resilience and efficiency.

Negative

The Finnish market remains challenging, with recovery taking longer than expected, impacting overall performance.
Norway's hotel market was significantly affected by a six-week strike, impacting occupancy and room rates.
The company faced a lower result in Finland due to softer prices and fixed rent agreements, affecting profitability.
There was a notable increase in rental costs, particularly in Finland, due to a higher share of fixed leases.
The restaurant segment showed stable but not improving sales, with a trend of reduced alcohol consumption affecting revenue.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SHOTE.ST - Scandic Hotels Group AB
Q2 2026 Scandic Hotels Group AB Earnings Call
Jul 15, 2026 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to the Scandic Hotels Group Q2 2026 Report Presentation. For the first part of the conference call, you will be in listen-only mode. During the questions and answers session, you are able to ask questions by dialing pound key five on your telephone keypad. Now I will hand the conference over to the speakers, CEO Jens Mathiesen and CFO Per Kristensen. Please go ahead.

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Unidentified_2 [2]
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Thank you very much and good morning everyone and thank you all for joining us for this Q2 presentation.

My name is Jens Matthijsen. I'm the CEO

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