New Risk • Mar 31
New major risk - Negative shareholders equity The company has negative equity. Total equity: -kr55m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr9.8m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Negative equity (-kr55m). Market cap is less than US$10m (kr2.69m market cap, or US$284.5k). New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Share price has been highly volatile over the past 3 months (26% average weekly change). High level of non-cash earnings (30% accrual ratio). Market cap is less than US$10m (kr2.96m market cap, or US$318.8k). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). New Risk • Sep 05
New major risk - Revenue and earnings growth Revenue has declined by 2.4% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Share price has been highly volatile over the past 3 months (22% average weekly change). Revenue has declined by 2.4% over the past year. High level of non-cash earnings (29% accrual ratio). Market cap is less than US$10m (kr6.05m market cap, or US$644.6k). Minor Risk Less than 3 years of financial data is available. Announcement • Jan 24
First Hotels AB (Publ) Announces Resignation of Torje Gabrielsen from the Board First Hotels AB (publ) announced that board member Torje Gabrielsen has resigned from the board of the Company, effective as of date, at his own request. Gabrielsen is part of the buyer group that acquired parts of the Company's franchise operations, as communicated on January 8, 2025, and therefore is stepping down from the board of First Hotels. A new board member will be elected at the upcoming annual general meeting. New Risk • Jan 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (kr17.1m market cap, or US$1.56m). Announcement • Jan 10
Seljeli Invest AS and Daimyo AS completed the acquisition of First Hotels International AS from First Hotels AB (publ) (OM:HOTEL). Seljeli Invest AS, Gate group AB and Daimyo AS proposed to acquire First Hotels International AS from First Hotels AB (publ) (OM:HOTEL) for NOK 30 million on November 7, 2024. The Board of Directors of the Company has further received a proposal from shareholders that the Extraordinary General Meeting of the Company shall approve the Offer. The deal value is subject to customary purchase price adjustments. As of November 26, 2024, The general meeting of First Hotels AB (publ) resolved, in accordance with shareholders' proposal, to approve the transfer to related parties of all shares in First Hotels International AS.
Seljeli Invest AS and Daimyo AS completed the acquisition of First Hotels International AS from First Hotels AB (publ) (OM:HOTEL) on January 8, 2025. Following settlement of liabilities and other purchase price adjustments of approximately NOK 15.7 million, the Company will receive approximately NOK 14.3 million in cash, of which SEK 10 million was paid in advance on November 7, 2024 and the remaining SEK 4.3 million was paid on January 7, 2025. As a result of the sale, First Hotels AB (publ) will change its name to Hotel Fast SSE AB (publ). Announcement • Jan 08
First Hotels AB (publ) Announces CEO Changes First Hotels AB (publ) has completed the sale of all shares in its subsidiary First Hotels International AS in accordance with the offer announced on 7 November 2024 and approved by the Extraordinary General Meeting on 26 November 2024. As a result of the sale, the Company's current CEO Thomas Gillespie will resign and will be temporarily replaced by board member Pal Morch. The Board of Directors has begun the process of appointing a new CEO. New Risk • Dec 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Market cap is less than US$10m (kr31.0m market cap, or US$2.82m). Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Announcement • Apr 11
First Hotels AB (publ), Annual General Meeting, Jun 24, 2025 First Hotels AB (publ), Annual General Meeting, Jun 24, 2025. New Risk • Jul 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Market cap is less than US$100m (kr118.9m market cap, or US$11.3m). Announcement • Jun 14
Reato Group AB (publ) (OM:REATO) entered into an agreement to acquire Företagsplanering I Malmö Aktiebolag and Hotel Planetstaden Ab for SEK 250 million. Reato Group AB (publ) (OM:REATO) entered into an agreement to acquire Företagsplanering I Malmö Aktiebolag and Hotel Planetstaden Ab for SEK 250 million on June 12, 2023. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 