Brief: Scandic Q1 Adjusted EBITDA Loss Narrows To SEK 237 Mln

Scandic Hotels AB

27/04/2022 06:38

April 27 (Reuters) - Scandic Hotels Group AB  SHOTE.ST :
    * SCANDIC'S INTERIM REPORT Q1 2022
    * - Q1 NET SALES ROSE BY 194.0 PERCENT TO 2,733 MSEK (930).
    * Q1 ADJUSTED EBITDA TOTALED -237 MSEK (-775).
    * - TERRIBLE WAR THAT HAS BROKEN OUT IN UKRAINE AND
UNCERTAIN
GEOPOLITICAL SITUATION CAN LEAD TO CONSEQUENCES FOR GLOBAL
ECONOMY AND WE ARE FOLLOWING DEVELOPMENTS VERY CLOSELY.
    * - SO FAR, HOWEVER, IT HAS NOT HAD A SIGNIFICANT EFFECT ON
HOTEL
DEMAND IN NORDIC REGION.

Source text for Eikon:  ID:nWkr1RLZz3 
Further company coverage:  SHOTE.ST 

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