Movinn (MOVINN) Q1 2026 earnings summary

Executive summary

• Revenue declined 2.9% year-over-year to DKK 19.8 million, mainly due to a 13% reduction in units following exits from underperforming markets, notably Odense.

• EBITDA improved by 22% and EBIT by 29% compared to Q1 2025, reflecting a more profitable and concentrated portfolio.

• Revenue per unit increased 11% year-over-year, highlighting improved portfolio quality.

• The company remains focused on larger, stable markets, especially Copenhagen and Malmö, to drive profitability and scale.

Financial highlights

• Net revenue: DKK 19.8 million (down from DKK 20.4 million in Q1 2025).

• EBITDA: DKK -2.0 million (improved from DKK -2.6 million in Q1 2025).

• EBIT: DKK -2.7 million (improved from DKK -3.8 million in Q1 2025).

• Net loss: DKK -3.0 million (improved from DKK -4.1 million in Q1 2025).

• Cash flow from operating activities: DKK -2.2 million (down from DKK -1.2 million in Q1 2025).

• Equity: DKK 5.5 million (down from DKK 11.8 million in Q1 2025).

Outlook and guidance

• Full-year 2026 guidance maintained: net revenue DKK 86–89 million, EBITDA DKK 1–4 million, EBIT DKK -1.5 to 1.5 million.

• Focus remains on margin improvement, portfolio optimization, and preparing for the opening of a new aparthotel in Copenhagen in mid-2027.