Scandic Hotels Group AB (publ) (SHOT) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Scandic Hotels Group QT 2025 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 5 on your telephone keypad. Now I will hand the conference over to the speakers. CEO Jens Mathiessen and CFO Per Christensen, 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 Mathisen. I'm the CEO of Scandic. And together with me, I have our CFO, Per Christiansen. Please turn to page two. 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 the latter hotel group. So let's jump into the second quarter and please turn to page four. All in all, we delivered a very good quarter with organic growth and a strong cash flow. Net sales amounted to 5.8 billion Swedish kronor, corresponding to organic growth of 2% when excluding negative currency effects. We delivered a solid result, although lower compared to the same quarter last year. And this was mainly due to the calendar effects with Easter coming late, also currency headwinds and one-off items that had a positive impact on the results in Q2 last year. I also want to highlight that we delivered a strong cash flow in the quarter, significantly improved compared to last year, which we will come back to. Overall the market development was positive in the quarter, although demand was temporarily impacted in April due to the late timing of Easter. We also then saw a good rebound in May and in June, su...