Scandic Hotels Group AB (publ) (SHOT) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Scandic Hotels Group Q3 Report 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, Speaker, and good morning, everyone, and thank you for joining us this morning. My name is Jens Mathisen. I'm the CEO of Scandic, and I'm here, as always, together with Per Christiansen, our CFO. Please turn to page two. As you probably understand, we have a packed agenda for today. So we will start with the quarter and some update on that and then give you an update on the acquisition of the latter afterwards. Let's move straight to the highlights of the quarter and please turn to page four. We deliver a strong performance with good growth result and strong cash flow development. Net sales reached 6.4 billion Swedish kronor and excluding negative currency effects, organic growth was over 5% in the quarter. We continue to meet the market with high efficiency and very tight cost control. The Nordic hotel market remained good. Norway once again delivered a very strong quarter with organic growth of close to 10% and improving margins. Sweden performed well and Denmark showed momentum. We are developing Scandic at a good pace and continue to grow our portfolio. We have now launched Scandic's new app, which together with our new website, loyalty program, and the other commercial initiative that we presented at our Capital Market Day marks an important milestone. With all of this, we are building a much stronger commercial platform and are moving past the major investment pace, whic...