Movinn
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Movinn (MOVINN) investor relations material

Movinn Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary1 Sep, 2026

Executive summary

  • Net revenue for H1 2026 was DKK 41.8 million, a 6.4% decrease year-over-year, reflecting a strategic reduction in portfolio size by 19.5%.

  • Revenue per unit increased by 16.2% year-over-year, indicating improved unit economics despite lower overall capacity.

  • EBITDA improved by DKK 0.5 million to DKK -1.2 million, and EBIT improved by DKK 1.7 million, with Q2 2026 delivering positive EBITDA and EBIT.

  • Strategic exits from underperforming markets (Odense and Västerås) are underway, with focus shifting to core markets, especially Copenhagen.

Financial highlights

  • Net revenue: DKK 41.8 million in H1 2026 vs. DKK 44.7 million in H1 2025 (down 6.4%).

  • EBITDA: DKK -1.2 million in H1 2026, improved from DKK -1.7 million in H1 2025.

  • EBIT: DKK -2.5 million in H1 2026, improved from DKK -4.2 million in H1 2025.

  • Net loss for H1 2026: DKK -3.2 million, compared to DKK -4.8 million in H1 2025.

  • Cash flow from operating activities: DKK -2.1 million in H1 2026, down from DKK -0.4 million in H1 2025.

Outlook and guidance

  • Full-year 2026 guidance revised to net revenue of DKK 83-85 million, EBITDA of DKK (0.5) to 1.5 million, and EBIT of DKK (3.0) to (1.0) million.

  • Guidance lowered due to higher vacancy and exit from Västerås; improvement in EBITDA expected in H2 2026 as restructuring costs subside.

  • Focus remains on improving occupancy in core markets and preparing for the opening of a new aparthotel in Copenhagen in mid-2027.

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Frequently asked questions

Movinn A/S is a provider of serviced apartments, offering fully furnished, plug-and-play accommodations primarily in Denmark and Sweden. The company’s portfolio includes apartments in cities such as Copenhagen, Aarhus, and Odense, as well as Malmö and Lund. In addition to traditional serviced living, Movinn also provides co-living spaces aimed at promoting sustainability and community. Services include furniture rental, maintenance, cleaning, Wi-Fi, and 24-hour support. Movinn’s target clients range from corporate entities and international organizations to insurance companies and individual residents. The company also operates under the brand Collective Yoyo for furniture rentals. Movinn A/S is headquartered in Copenhagen, Denmark, and its shares are listed on the Copenhagen Stock Exchange.