Scandic Hotels Group AB (publ) (SCAHF) Q2 2026 Earnings Call Transcript

Operator

Welcome to the Scandic Hotels Group Q2 2026 Report Presentation. [Operator Instructions] Now I will hand the conference over to the speakers, CEO, Jens Mathiesen; and CFO, Par Christiansen. Please go ahead.

Jens Mathiesen
President & CEO

Thank you very much, and good morning, everyone, and thank you all for joining us for this Q2 presentation. My name is Jens Mathiesen. I’m the CEO of Scandic. And together with me, I have our CFO, Par Christiansen, as always. Let’s dive into the highlights. So please turn to Page 2.

We delivered a good quarter with solid growth. We improved our earnings and also higher profitability. The business is performing well across most of our markets, with Finland remaining the exception. Market conditions were favorable, supported by a busy event calendar, strong leisure travel and stable demand for business travel and meetings. Demand was particularly strong in the capital cities of Sweden, Denmark and Ireland. Finland remained challenging throughout the quarter, while the Norwegian hotel market was affected by a hotel strike lasting more than 6 weeks. The recovery in Finland is taking longer than we had expected, but we remain focused on turning the performance around. We now expect a gradual improvement with a stable second half of the year with a financial performance on same levels as last year.

During the quarter, we expanded the hotel portfolio, continued to grow