Brief: Scandic Hotels Q4 Adjusted EBITDA Rises To 476 SEK Mln

Scandic Hotels AB

16/02/2023 06:41

Feb 16 (Reuters) - Scandic Hotels Group AB  SHOTE.ST :
    * Q4 NET SALES ROSE TO 5,228 MSEK (3,783)
    * Q4 ADJUSTED EBITDA AMOUNTED TO 476 MSEK (436)
    * BOARD OF DIRECTORS PROPOSES THAN NO DIVIDEND BE PAID
    * SLIGHTLY LOWER OCCUPANCY RATE COMPARED WITH 2019 WAS
MAINLY DUE
TO LOWER DEMAND FOR INTERCONTINENTAL TRAVEL FROM AND TO ASIA
    * BASED ON CURRENT BOOKING SITUATION WE EXPECT CONTINUED
GOOD
PRICE DEVELOPMENT, AND STABLE OCCUPANCY RATES AT A SLIGHTLY
LOWER LEVEL THAN FOR Q1 OF 2019

Source text for Eikon:  ID:nWkr63TxP0 
Further company coverage:  SHOTE.ST 
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