The final Interim Report H1 2026 will be published as planned on Friday, 28 August 2026.

Preliminary financial results for the first half of 2026

Net revenue for H1 2026 was 41.8 million, down 6.4% from DKK 44.7 million in H1 2025. The decline is a consequence of the strategy and is smaller than the underlying reduction in capacity: the number of units is down 19.5% year-on-year. EBITDA was -1.2 million, an improvement of DKK 0.5 million compared to H1 2025.

In the second quarter of 2026, Movinn delivered a net revenue of DKK 22.0 million, EBITDA of DKK 0.8 million and EBIT of DKK 0.2 million.

Two factors held H1 back relative to the assumptions in the initial 2026 guidance. Vacancy in the first half of the year has been higher than expectations, and the exits from Odense and Västerås has carried higher costs than expected and has had a bigger effect on vacancy levels than expected.

Updated financial guidance for 2026

The revenue range has been lowered as a whole, reflecting higher vacancy levels as well as the decision made in Q2 2026 to also exit Västerås, a smaller secondary Swedish market.

The guidance implies EBITDA of between DKK 0.7 and 2.7 million in the second half of the year, against DKK -1,2 million in the first half.
The step-up rests on three main factors:

• Completion of exits: Odense and Västerås are expected to be completed during Q3 2026, removing their cost drag from the run rate for the remainder of the year.
• Less one-off restructuring costs: The costs related to the restructuring of our portfolio and organisation carried in H1 2026 are not expected to recur at the same level.
• Occupancy: Secured revenue for the coming months supports an improvement on the H1 vacancy levels in our core markets.