Denmark's Movinn Q1 revenue falls as portfolio shrinks

Movinn A/S

08/05/2026 07:08

Overview

Denmark serviced apartment provider's Q1 revenue declined 2.9% due to planned portfolio reduction

EBITDA and EBIT losses narrowed by 22% and 29% yr/yr as margins improved

Company maintained full-year 2026 guidance after Q1 results

Outlook

Movinn maintains 2026 revenue guidance at DKK 86.0–89.0 mln

Company keeps 2026 EBITDA guidance at DKK 1.0–4.0 mln

Movinn expects exit from Odense to be completed by end-Q3 2026

Result Drivers

PORTFOLIO REDUCTION - Revenue declined due to deliberate reduction in units, including exit from Odense and scaling down in underperforming markets

HIGHER REVENUE PER UNIT - Revenue per unit grew 11% yr/yr after removing underperforming markets

MARGIN IMPROVEMENT - EBITDA and EBIT improved as portfolio became more concentrated in larger, higher-margin markets

Company press release: ID:nMFN1b8pv5

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
DKK 19.80 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)