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Unlimited Travel Group UTG (UTG) investor relations material
Unlimited Travel Group UTG Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue increased by 16.6% year-over-year to 203.7 Mkr, driven by acquisitions and strong B2C demand.
EBITA improved to -2.7 Mkr from -5.9 Mkr, with margin gains from pricing, currency, and sales investments.
Notable acquisitions: NEX Travel (consolidated full quarter), Surfakademin (March), and Waterproof Expeditions (March).
Booking levels as of April 30, 2026, were 15% higher than the previous year, indicating robust future demand.
B2C segment showed strong growth, while B2B was impacted by event timing shifts.
Financial highlights
Revenue: 203.7 Mkr (174.7 Mkr), up 16.6% year-over-year.
Gross margin: 24.7% (18.4%), with comparable companies at 21.6% (18.4%).
EBITA: -2.7 Mkr (-5.9 Mkr); adjusted EBITA for comparable companies: -1.6 Mkr (-3.2 Mkr).
Net result: -5.6 Mkr (-7.1 Mkr); EPS: -0.60 kr (-0.69 kr).
Cash flow from operations: 63.6 Mkr (17.8 Mkr); net cash: 60.0 Mkr (26.7 Mkr).
Outlook and guidance
Booking levels remain strong, with a 15% year-over-year increase as of April 30, 2026.
Focus remains on portfolio expansion, performance, and people, with continued acquisition activity.
Market uncertainty persists, especially regarding flight costs and capacity.
- Record revenue, margin gains, and strong bookings set the stage for further growth in 2026.UTG
Q4 202513 Feb 2026 - Q3 2025 saw double-digit revenue growth, margin improvement, and robust bookings.UTG
Q3 20257 Nov 2025 - Q2 2025 saw strong revenue and EBITA growth, with bookings up 9.5% year-over-year.UTG
Q2 202522 Aug 2025 - Revenue, bookings, and cash flow rose sharply, with strong outlook for premium and B2B travel.UTG
Q3 202413 Jun 2025 - Q2 revenue up 11% year-over-year, but EBITA negative; bookings for 2025 up 24%.UTG
Q2 202413 Jun 2025 - Q1 2025 revenue up 10.5%, bookings strong, but EBITA hit by currency effects.UTG
Q1 20256 Jun 2025 - Record 2024 results with 15.5% revenue growth and strong 2025 bookings outlook.UTG
Q4 20245 Jun 2025
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