Scandic expects higher occupancy, room rates in Q1

Scandic Hotels AB

18/02/2026 06:38

Overview

Nordic hotel chain's Q4 net sales rose 1.6%, slightly missing analyst expectations

Adjusted EBITDA for Q4 missed analyst estimates

Company expanded presence with new hotels in Germany and Norway

Outlook

Company expects higher occupancy and room rates in the first quarter of 2026

Scandic aims to leverage investments for increased growth and profitability in 2026

Company anticipates favorable conditions due to expected economic improvements

Result Drivers

ORGANIC GROWTH - Scandic reported 4.2% organic growth in Q4, driven by improved booking levels and increased room rates

FINLAND CHALLENGES - Profitability impacted by weak demand and pressure on room rates in Finland due to economic conditions and the war in Ukraine

EXPANSION - New hotel openings in Germany and Norway expanded Scandic's market presence

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Slight Miss*
SEK 5.58 bln
SEK 5.59 bln (2 Analysts)
Q4 Adjusted EPS
SEK 0.84
Q4 Adjusted EBITDA
Miss
SEK 513 mln
SEK 564 mln (1 Analyst)
Q4 Free Cash Flow
SEK 293 mln
Q4 Organic Growth
4.20%
Q4 RevPAR
SEK 773


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the hotels, motels & cruise lines peer group is "buy."

Wall Street's median 12-month price target for Scandic Hotels Group AB is SEK95.00, about 3.1% above its February 17 closing price of SEK92.10

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nWkr3K1b6p

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)