Revenue for the hotel chain rose to 6.0 billion, up from 5.8 billion. But analysts had on average expected an increase to 6.1 billion, according to Bloomberg.
CEO Jens Mathiesen points to headwinds from a Norwegian strike and challenges in Finland.
"A well-filled events calendar, continued high leisure travel and a stable meetings and conferences market contributed to high demand, especially in the capitals of Sweden, Denmark and Ireland. At the same time, the Norwegian hotel market was affected by the more than six-week hotel strike, while Finland remained challenging," Mathiesen says in the interim report.
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