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Cityvarasto (CITYVA) investor relations material
Cityvarasto Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue grew by 19.7% year-over-year in Q1 2026 to €7.16 million, with strong contributions from both real estate and ancillary services.
Adjusted EBITDA increased by 1.6% to €2.18 million, reflecting revenue growth but also higher costs from listing, marketing, energy, and bonuses, with margin declining to 30.4% from 35.8%.
Expansion continued with a new facility in Järvenpää, significant expansions in Jyväskylä and Lahti, and the acquisition of Ja-Ki Muutto's moving services.
Profit for the period fell 31.4% to €370 thousand, impacted by increased costs and negative fair value changes in investment properties.
Two new properties were acquired in Turku and Oulu after the quarter, supporting future growth.
Financial highlights
Q1 2026 revenue: €7.16M (+19.7% YoY); adjusted EBITDA: €2.18M (+1.6% YoY); adjusted EBITDA margin: 30.4% (down from 35.8%).
Operating profit: €1.04M (-21.7% YoY); result for the period: €370K (-31.4% YoY).
NAV per share: €23.42 (+3.0% YoY); equity ratio: 64.2% (up from 60.4%).
Net debt (excl. IFRS 16): €33.5M (down from €44.9M YoY); LTV: 20.7% (down from 23.8%).
Adjusted operative EPS: €0.10 (-15.9% YoY).
Outlook and guidance
2026 revenue expected at €29.9–31.2M (+10–15% YoY); adjusted EBITDA expected at €12.7–13.9M (+5–15% YoY).
Real estate revenue growth to remain stable; ancillary services growth to moderate.
Growth investments and acquisitions to support long-term profitability, though temporary margin pressure is expected in 2026.
Dividend of €0.11/share for 2025, marking 11 consecutive years of increases.
Guidance assumes no significant changes in the operating environment.
- Revenue and EBITDA grew over 20% year-over-year, with expansion and IPO boosting performance.CITYVA
Q3 202511 May 2026 - Revenue and EBITDA up over 20%, strong IPO, and continued network and service expansion.CITYVA
Q4 202511 May 2026 - H1 2025 revenue and profit surged, driven by facility expansion and van rental growth.CITYVA
Q2 202516 Oct 2025
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