Arena Hospitality Group (ARNT) Q3 2026 earnings summary

Executive summary

• Record 9M revenue of €131.9m; EBITDA grew faster than revenue, lifting the reported EBITDA margin to 32.7% from 31.9%.

• Croatia remained the largest contributor; Hungary, Serbia and Austria increased their contribution, while Germany showed improved underlying trading.

Financial highlights

• Reported revenue rose 2.5% to €131.9m and EBITDA rose 5.1% to €43.1m YoY; like-for-like growth, excluding Park Plaza Wallstreet Berlin Mitte’s 2025 results, was 5.4% and 6.4%.

• EBIT increased to €28.5m from €25.7m; profit before tax was €26.5m versus €26.2m, and net income was €23.0m versus €20.9m.

• EPS increased to €4.58 from €4.16; reported accommodation revenue rose 1.4% to €109.6m.

Outlook and guidance

• Trading since 30 September was in line with expectations; focus remains on shoulder-season demand, guest value, cost discipline and liquidity.

• Germany expects continued Q4 occupancy and ADR gains, supported by international trade fairs and events in Berlin, Cologne and Nuremberg.

• December bookings in Nassfeld are encouraging; priorities include a successful winter-season start and operational efficiency. Selective investment will continue within the existing portfolio.