Corem Property Group AB (publ) (CORE_A) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

thank you very much and good morning everyone and thank you for joining us for this q1 presentation like just said i'm jens matisse and i'm the ceo of scandic and together with me we have our cfo pierre christiansen let's uh let's go into the highlights of this quarter please page go to page two Looking at the quarter, we are off to a good start to this year with stable growth and solid results. Revenue, they grew by 3%, and adjusting for currency effects, organic growth was close to 5%. We operate with high efficiency and very good cost control, delivering a result and margin in line with last year. Market conditions, they remain positive overall, and we continue to see good demand across our markets, although development varies somewhat. Cashflow improved during the quarter, and our financial position remains strong, giving us a solid foundation going forward. The second quarter has started well. Business and books are at good levels, supported by strong leisure demand, stable business travel, and a solid event calendar. Despite the ongoing geopolitical uncertainty, we do not currently see any direct impact on demand. So all in all, we are entering the peak season with good momentum. I would also like briefly to comment on the strike that has been underway in the Norwegian hotel sector since Sunday. Based on our current assessment and experience from the similar situations in the past, we do not expect this to have a material impact on our financial performance. All our hotels are open and we are monitoring development closely and have mitigation plans in place should this situation become more prolonged or extensive. Please turn to page three. We deliver a solid result in the quarter with an adjusted EBITDA of 105 million Swedish kronor corresponding to a margin o...