Operator
Welcome to the Scandic Hotels Group Q4 2025 Report Presentation. [Operator Instructions]
Now, I will hand the conference over to the speakers, CEO, Jens Mathiesen; and CFO, Par Christiansen. Please go ahead.
Jens Mathiesen
President & CEO
Thank you, and good morning, everyone. And thank you for joining us here for our Q4 presentation. I’m Jens Mathiesen. I’m the CEO of Scandic. And as usual, I’m here together with our CFO, Par Christiansen. So let’s dive into the highlights.
Please turn to Page 2. Looking at the quarter, I’m pleased with the performance. We delivered good organic growth and a solid result with revenues and profitability improving in all segments except Finland. Occupancy increased across the Nordic markets with Norway remaining at solid levels, in line with last year. While price development varies somewhat, the overall price dynamics are healthy.
We also see favorable conditions in both Ireland and the U.K. Revenues grew by 1.6%. And when adjusting for currency effects, organic growth was more than 4%. In Sweden and Norway, our two largest markets, organic growth was around 8%, and in other Europe, around 4%. So on an underlying basis, excluding currency effects, performance was good across most markets.
The acquisition of Dalata is progressing very well and developing as planned. We are looking closely and constructively with the Dalata team, where we really work on this case. And the hotels are performing well under the management agreement and in line with our expectations.
