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Scandic Hotels Group AB (SHOTE.ST)

SHOTE.ST on Stockholm Stock Exchange

94.50SEK
16 Oct 2018
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73.70kr

Latest Key Developments (Source: Significant Developments)

Scandic Hotels Sells Hotel In Kuopio
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - Scandic Hotels Group AB ::SCANDIC TO DIVEST ONE HOTEL IN KUOPIO.TO DIVEST HOTEL OPERATIONS OF CUMULUS KUOPIO STATION IN KUOPIO, FINLAND TO LAPLAND HOTELS OY.SELLING PRICE FOR CUMULUS KUOPIO STATION AMOUNTS TO APPROXIMATELY 10 MSEK.BUYER WILL TAKE OVER OPERATIONS OF HOTEL, WHICH HAS 141 ROOMS, ON NOVEMBER 1, 2018.TRANSACTION IS NOT EXPECTED TO GIVE RISE TO ANY SIGNIFICANT EFFECT ON EARNINGS.  Full Article

Scandic Signs Agreement For New Hotel In Helsinki
Tuesday, 10 Jul 2018 

July 10 (Reuters) - SCANDIC HOTELS GROUP AB ::SCANDIC SIGNS AGREEMENT FOR NEW HOTEL IN HELSINKI.HAS SIGNED A LONG-TERM LEASE AGREEMENT WITH FINNISH PRIVATE EQUITY FUND CAPMAN TO TAKE OVER A 178-ROOM HOTEL IN HELSINKI.SCANDIC WILL TAKE OVER HOTEL FROM ITS CURRENT OPERATOR IN 2020.ALSO AGREED TO EXTEND LEASES FOR AN ADDITIONAL FOUR HOTELS WITH A TOTAL OF 979 ROOMS.  Full Article

Scandic Predicts Lower Earnings For Q4
Tuesday, 16 Jan 2018 

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​.  Full Article

Scandic Hotels Opens Hotel In Frankfurt
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Scandic Hotels Group Ab ::SCANDIC HOTELS TO OPEN ONE OF FRANKFURT'S LARGEST CONFERENCE HOTELS.‍ SIGNED LONG-TERM LEASE AGREEMENT WITH DEVELOPER B&L GROUP.‍HAS SIGNED A LONG-TERM LEASE AGREEMENT REGARDING OPERATION OF A NEW HOTEL IN FRANKFURT.​.  Full Article

Scandic Hotels Group: Finnish Authority Approves Restel Acquisition
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Scandic Hotels Group Ab ::THE FINNISH COMPETITION AND CONSUMER AUTHORITY APPROVES SCANDIC HOTELS' ACQUISITION OF RESTEL, SUBJECT TO CONDITIONS.‍IT IS EXPECTED THAT ACQUISITION WILL CLOSE BEFORE END OF YEAR.​.  Full Article

Scandic To Take Over Hotel In Aarhus
Monday, 4 Dec 2017 

Dec 4 (Reuters) - SCANDIC HOTELS GROUP AB ::SCANDIC TO TAKE OVER HOTEL THE MAYOR IN THE HEART OF AARHUS.‍PLANS TO TAKE OVER OPERATION OF MAYOR AS OF MARCH 1, 2018​.  Full Article

Scandic Hotels Q3 adjusted EBITDA SEK 622‍​ million, above forecast
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - SCANDIC HOTELS GROUP AB :Q3 NET SALES INCREASED BY 11.1% TO 3,974 MSEK (3,577)​.Q3 ADJUSTED EBITDA TOTALED 622 MSEK (547)​.Q3 ADJUSTED. EBITDA SEK 622‍​ MILLION (REUTERS POLL SEK 605 MILLION).Q3 NET PROFIT SEK 377‍​ MILLION (REUTERS POLL SEK 338 MILLION).  Full Article

Scandic Hotels signs agreement with LocalTapiola
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - SCANDIC HOTELS GROUP AB ::SCANDIC HOTELS SIGNS AGREEMENT WITH LOCALTAPIOLA TO OPERATE HOTEL IN ICONIC HAMBURGER BÖRS IN TURKU.‍SCANDIC EXPECTS TO GAIN ACCESS TO BUILDING BEGINNING OF 2021​.‍HOTEL IS SCHEDULED TO RE-OPEN AT BEGINNING OF 2021​.  Full Article

BRIEF-Scandic Hotels Group AB To Open Hotel In Voss

* SCANDIC HOTELS TO OPEN HOTEL IN THE FAST-GROWING MARKET OF VOSS, NORWAY