Movinn A/S

Movinn Q3 2026: Fewer units, stronger earnings

Källa: MFN
Positiv

Sammanfattning

Movinn redovisar en starkare lönsamhet i Q3 2026 med 53% högre EBITDA och en marginal på 10,6%, trots 16,7% färre enheter. Detta är andra kvartalet i rad med positivt EBITDA och EBIT.

Analys

Bolaget visar en förbättrad lönsamhet genom att minska kostnaderna mer än intäkterna, vilket resulterar i en högre EBITDA-marginal. Minskningen av antalet enheter och fokus på en mer fokuserad portfölj verkar ge effekt. Förbättrad kundhantering förväntas stärka kassaflödet framöver.
Se relaterad nyhet

VD-ord

optimistisk · PDF

VD:n rapporterar en minskad nettoomsättning men förbättrad lönsamhet (EBITDA och EBIT) tack vare en mindre men mer fokuserad portfölj. Bolaget höjer helårsprognosen.

Utsikter: Helårsprognosen för 2026 höjs till nettoomsättning 85.5-86.5 MDKK, EBITDA 1.5-2.5 MDKK och EBIT (1.1)-(0.1) MDKK.

Nyckeltal

Net revenue Q3 2026
DKK 23.1 million
EBITDA Q3 2026
DKK 2.4 million
EBITDA margin Q3 2026
10.6%
Units Q3 2026
364
Vacancy rate Q3 2026
13.2%

Insikter

  • • Fokus på en mindre men mer lönsam portfölj ger resultat.
  • • Förbättrad debitorhantering kan stärka kassaflödet framöver.
  • • Bolaget upprepar sin finansiella prognos för helåret.
Fundamental påverkan
Positiv

Förbättrad lönsamhet och kostnadskontroll stärker bolagets finansiella ställning.

Omfattning: 5/10Materiell påverkan
0 · Ingen påverkan10 · Avgörande påverkan

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Today, Movinn publishes its Interim Report for Q3 2026. With 16.7% fewer units than a year ago, Movinn grew EBITDA by 53% to DKK 2.4 million and lifted the EBITDA margin to 10.6% from 6.2%. Net revenue was DKK 23.1 million against DKK 25.6 million in Q3 2025. Q3 is the second consecutive quarter with positive EBITDA and EBIT.

Company Announcement no. 88/2026 (November 13, 2026)

Today, Movinn publishes its Interim Report for Q3 2026. With 16.7% fewer units than a year ago, Movinn grew EBITDA by 53% to DKK 2.4 million and lifted the EBITDA margin to 10.6% from 6.2%. Net revenue was DKK 23.1 million against DKK 25.6 million in Q3 2025. Q3 is the second consecutive quarter with positive EBITDA and EBIT.

FInancial highlights (DKK ‘000)

Q3 2026Q3 2025Change (%)YTD 2026
Net revenue23,11925,625(9.8%)64,930
EBIITDA2,4421,59253.4%1,238
EBIT1,788316466%(729)

Key developments in Q3

  • Net revenue fell 9.8%, against a 16.7% reduction in the number of units.
  • Revenue per unit rose 8.3% to tDKK 254 annualised.
  • Average vacancy fell to 13.2% from 18.2%.
  • Costs declined more than revenue: cost of sales by 14.3% and staff costs by 11.4%.
  • Profit for the period was DKK 1.5 million against tDKK 32 in Q3 2025.

Year-to-date, EBITDA was DKK 1.2 million against DKK (0.1) million in 2025, and EBIT was DKK (0.7) million against DKK (3.9) million.

A more focused portfolioMovinn completed the exits from Odense and Västerås in Q3 and ended the quarter with 364 units. In Copenhagen, 10 underperforming units will be returned at the end of Q4 2026 and a further 10 during H1 2027. New capacity will be added in Copenhagen only.

LiquidityCash flow from operating activities was DKK 0.4 million against DKK 3.1 million in Q3 2025. The difference is mainly timing-related and driven by a negative change in net working capital of DKK 1.7 million, primarily higher trade receivables and prepaid costs. Before changes in working capital, cash flow from operations rose 62.5% to DKK 2.1 million, reflecting the improvement in underlying earnings.

Movinn is strengthening its debtor management and expects this to have a positive impact on operating cash flow in the coming quarters. At 30 September 2026, Movinn had drawn DKK 4.3 million of its DKK 10 million credit facility, leaving DKK 5.7 million in immediately accessible liquidity, up from DKK 5.2 million at 30 June 2026.

Financial guidance 2026The guidance raised on 11 November 2026 (company announcement no. 86) is unchanged: net revenue of DKK 85.5-86.5 million, EBITDA of DKK 1.5-2.5 million and EBIT of DKK (1.1)-(0.1) million. This implies Q4 EBITDA of DKK 0.3-1.3 million, reflecting seasonality.

CEO Patrick Blok comments:

“This quarter, our focus started to show in the numbers. We run a smaller portfolio than a year ago, but we earn more on it. In August, we had to lower our guidance. Three months later we could raise it again, and that tells us the plan is moving faster than we expected. For the rest of the year, we will keep improving our sales effort, reduce complexity in our organisation and build the foundation for a profitable 2027.”

Presentation of the Interim ReportMovinn is hosting a webinar, presenting the Q3 Interim Report on:

Wednesday 18 November 2026 at 13:00 CEO.

For registration, click here.

ContactsPatrick BlokCEO, Movinn A/Spb@movinn.dk+45 28 94 08 79

Certified AdviserHC Andersen CapitalPernille Friis Andersenhttps://hcandersencapital.dk/contact/+45 30 93 18 87

About MovinnFounded in October 2014, Movinn A/S has grown to become one of Denmark's leading providers of fully serviced apartments, operating within the PropTech industry and delivering space-as-a-service to mainly large domestic and international corporations and organizations. To stay at the forefront of trends in the real estate and serviced living industry - and to diversify activities - the company has created a house of brands that cover both traditional and emerging client segments.Inhouse, the company has created a highly integrated value chain and comprehensive tech-products (several software platforms & IoT hardware) to help provide the best possible service and quality to the company's clients and to help scale profitable growth. Movinn has a strong presence in Denmark and Sweden, with Copenhagen being the largest and primary market.

Movinn A/S has received approval for admission to trading of its shares on Nasdaq First North Growth Market Denmark under the ticker “MOVINN”.

AttachmentsQ3 Interim Report Final

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