Servatur Holding Q4 2024/25 Interim Report

Servatur today announced the publication of its Interim Report for Q4 2024/25 and preliminary results for the financial year 2024/25.

We are pleased to report numbers exceeding the outlook presented during the bond issuance in March – with EBITDA of €52m (up 100% y/y), leverage down to 4.3x (vs pro-forma guidance of 4.5x), valuation of property portfolio up 25% y/y, room-rates up 10% LFL y/y, and full-year occupancy of 95%.

OPERATIONS

• Q4 revenues of €42.5m (€26.5m) and EBITDA €14.8m (€9.6m)
• Full-year revenues of €143.9m (€81.7m) and EBITDA €52.0m (€26.1m)
• Record full-year financials explained by growth in available rooms to 3,171 (2,276), increase of Total Average Daily Rate (TADR) to €129 (€105) and stable high occupancy of 95% (91%) combined with good cost-contro

INVESTMENTS

• Full-year capex of €32.7m (€22.0m), of which €19.3m (€21.3m) relating to hard asset investment such as hotel renovations and single-room acquisitions

FINANCING

• In Q4, issued inaugural bond of €135m
• In Q4, refinanced two existing secured loans resulting in €20m debt-upsizing at blended margin of 120bps

OTHER

• External year-end valuation of property portfolio up about 25% year-over-year
• Paid €128m dividend (subsequent event)

Please find interim report attached and on the IR website www.servaturholding.com.