January 16, 2018 / 6:36 AM / 8 months ago

BRIEF-Scandic Predicts Lower Earnings For Q4

Jan 16 (Reuters) - Scandic Hotels Group Ab:

* SCANDIC PREDICTS LOWER EARNINGS FOR THE FOURTH QUARTER

* ESTIMATES THAT ADJUSTED EBITDA FOR Q4 2017 WILL BE AROUND 330 MSEK​

* ‍FOR Q4 OF 2016 ADJUSTED EBITDA AMOUNTED TO 392 MSEK ADJUSTED FOR A ONE-OFF GAIN OF 65 MSEK.​

* ‍DEVIATION IS EXPLAINED BY LOWER EARNINGS IN SWEDISH OPERATIONS AND ONE-TIME COSTS FOR CENTRAL FUNCTIONS​

* ‍ADJUSTED EBITDA FOR SCANDIC HOTELS’ CENTRAL FUNCTIONS IS ESTIMATED TO AMOUNT TO APPROXIMATELY -140 MSEK FOR Q4​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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