Hospitality Invest AS - Q1 2024 Interim Report

28 May 2024 22:30 CEST

28 May 2024

The Board of Directors of Hospitality Invest AS has approved the unaudited group
financial results for the first quarter of 2024.

Please find attached the Q1 2024 Interim Report.

Key highlights of the report:
- Q1 24 revenues ended at NOK 4,232 million, an increase of NOK 567 million
compared to NOK 3,664 million in Q1 23. The growth from last year was partly
driven by NHC's acquisition of Frösunda Group, as well as organic growth.
- Q1 24 revenue growth of 15.5 % compared to Q1 23, and 2.3 % compared to Q4 23.

- Q1 24 EBITA ended at NOK 83 million compared to NOK 89 million in Q1 23.
- Continued high activity within the Hotel segment, with three new hotels added
to the portfolio during Q1 24.
- Hi Capital recently passed 50 % ownership in Caracap AS (Ferda), and the
company is consolidated in Hospitality Invest’s figures as per Q1 24. The
company will be reported as part of the Other segment going forward.


Contact persons:
Roger Adolfsen (CEO): +47 98 22 25 00
Kristoffer Lorck (CFO): +47 93 02 88 18

More information:
Access the news on Oslo Bors NewsWeb site

619944_Hospitality Invest AS - Q1 2024 Interim Report.pdf