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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.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.
- Revenue fell 2.9% as units declined, but margins and profitability improved year-over-year.MOVINN
Q1 2026 - Revenue grew 3.1% but losses deepened as focus shifted to core markets and cost control.MOVINN
Q4 2025 - Revenue up 7% and profitability improved, with focus on core markets and efficiency.MOVINN
Q3 2025 - Revenue up slightly, but earnings and guidance down amid weak secondary market performance.MOVINN
Q2 2025 - Q3 2024 saw 13% revenue growth, surging EBITDA, and a successful Swedish aparthotel launch.MOVINN
Q3 2024 - 7% revenue growth and EBITDA margin up to 5.7%, with Sweden now profitable.MOVINN
Q2 2024 - Revenue up 7.2%, losses narrowed, and new hotel/tech launches drive future focus.MOVINN
Q4 2024 - Revenue declined and losses widened in Q1, but Q2 demand is rebounding.MOVINN
Q1 2025
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