Servatur Holding AS ("Servatur") today published its interim report for Q1 2026/27 (the three-month period from 1 May 2026 to 31 July 2026).
Highlights for Q1 2026/27 (figures in brackets refer to the corresponding period in the previous year, unless otherwise stated):
• Revenues of €40.0 million (€31.1 million), EBITDA excl. IFRS 16 of €8.0 million (€4.5 million) and EBITDA Adj. LTM of €61.9 million (€51.6 million) • Occupancy of 90% (90%) and TADR of €124 (€118), reflecting continued rate growth in the Canary Islands market • Portfolio of 4,252 rooms (3,705) at quarter-end • €11.9 million invested in the quarter, including room acquisitions, renovations and the Hotel Isora transaction • Net debt / EBITDA Adj. LTM reduced to 3.4x (4.5x) and cash position of €44.9 million (€31.9 million)
Michael Lund Jensen, CEO, comments:
"Although Q1 is seasonally our quietest period, we delivered a strong quarter. Last-twelve-months adjusted EBITDA reached a new record of €61.9 million. Leverage continues to come down, with net debt / EBITDA Adj. LTM at 3.4x and an interest coverage ratio of 4.2x.
As we celebrate Servatur's 50th anniversary, the company performs good and we enter the winter high season from a position of strength."
The full report is attached and available at www.servaturholding.com