Scandic Hotels Group AB (publ) (SHOT) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you and good morning everyone and thank you for joining us here for our Q4 presentation. I'm Jens Mathisen, I'm the CEO of Scandic and as usual I'm here together with our CFO Per Christiansen. So let's dive in to the highlights. Please turn to page two. Looking at the quarter, I'm pleased with the performance. We delivered good organic growth and a solid result, with revenues and profitability improving in all segments except Finland. Occupancy increased across the Nordic markets, with Norway remaining at solid levels in line with last year. While price development varies somewhat, the overall price dynamics are healthy. We also see favorable conditions in both Ireland and the UK. Revenues grew by 1.6%, and when adjusting for currency effects, organic growth was more than 4%. In Sweden and Norway, our two largest markets, organic growth was around 8%, and in other Europe, around 4%. So on an underlying basis, excluding currency effects, performance was good across most markets. The acquisition of the latter is progressing very well and developing as planned. We are looking closely and constructively with the latter team where we really work on this case and the hotels are performing well under the management agreement and in line with our expectations. Cashflow development for the year was strong and our financial position remains very robust. Based on this, the board has proposed an ordinary dividend of 2.60 Swedish kronor per share. All in all, we are finishing the year with solid performance and clear progress. The year has also started good. Business on books are higher than at the same time last year. And we see indications of a more favorable price dynamic. with booking levels coming in at higher pace at a higher price point across our markets. Looking ah...