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Scandic Hotels Q2 Adjusted EBITDA Falls To SEK 559 Mln


Friday, 19 Jul 2019 

July 19 (Reuters) - Scandic Hotels Group AB ::SCANDIC'S INTERIM REPORT Q2 2019 - GOOD DEMAND AND IMPROVED UNDERLYING GROWTH.Q2 NET SALES ROSE BY 2.2% TO 4,853 MSEK (4,748), WHILE ORGANIC GROWTH WAS 0.8%.Q2 ADJUSTED EBITDA TOTALED 559 MSEK (618).DEMAND HAS INCREASED IN ALL MARKETS.MARKET CONDITIONS ARE EXPECTED TO REMAIN STABLE IN NEXT QUARTER.FOR Q3 WE EXPECT SALES GROWTH FOR COMPARABLE UNITS OF BETWEEN 1 AND 2%.IN ADDITION, MORE HOTELS IN OPERATION IS EXPECTED TO CONTRIBUTE APPROXIMATELY 2.5% TO NET SALES.. 

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77.15
1.75 +2.32%
16 Aug 2019