April 26, 2018 / 5:40 AM / 4 months ago

BRIEF-Scandic Q1 Adjusted EBITDA Above Expectations At SEK 115 Million

April 26 (Reuters) - SCANDIC HOTELS GROUP AB:

* SCANDIC’S INTERIM REPORT Q1 2018 - INCREASED FOCUS ON COSTS

* Q1 REVENUE SEK 3.79 BILLION (REUTERS POLL SEK 3.57 BILLION)

* Q1 ADJUSTED EBITDA SEK 115 MILLION (REUTERS POLL SEK 100 MILLION)

* FOR Q2 OF YEAR, EXPECTS POSITIVE REVENUE GROWTH FOR COMPARABLE UNITS

* REVPAR IN STOCKHOLM IS EXPECTED TO REMAIN UNDER SOME PRESSURE Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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