Scandic Hotels Group AB (publ) (SHOT) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much, and good morning, everyone, and thank you for joining us for our first Q1 presentation here at Scandic. As said by the speaker, my name is Jens Mathisen. I'm the CEO of Scandic, and I'm here together with Per, our CFO, and together we will walk you through the quarter. But let's start to dive into the presentation. Please, let's go to page two. We have a good start to the year and we deliver a solid first quarter with improved both revenues and results. Net sales improved by 3% and organic growth by close to 4%. It's also pleasing to see that our focus on efficiency and cost control is clearly reflected in the strengthened profitability in this quarter. The performance was also driven by overall good demand across our markets and also the calendar effects with Easter falling in April this year compared to March last year. In February, we hosted a capital market day where we presented our strategy for 2030. We are maintaining a steady momentum in executing on that plan. And later in this presentation, I will provide a brief update on the progress and some of our key initiatives for this year. The first quarter is also seasonally the smallest. It's representing a low portion of the full year result. That's why it's also very pleasing to see that April has started off well and that bookings for the spring and summer are good. Even better than at the same time last year. And of course, I will give you some more comments on the outlook also later in this presentation. We remain mindful of the ongoing geopolitical tensions and their potential impact on our markets. And while it's still early and the situation may evolve, I want to emphasize that based on current booking trends and cancellation rates, we have not seen any impact on our business. That sa...