Brief: Scandic Q2 Adjusted EBITDA SEK 796 Mln
BRIEF-Scandic Q2 Adjusted EBITDA SEK 796 Mln July 15 (Reuters) - Scandic Hotels Group AB SHOTE.ST:
Q2 REVPAR SEK 882
Q2 SALES SEK 5,998 MILLION
Q2 ORGANIC GROWTH 1.2%
Q2 ADJUSTED EBITDA SEK 796 MILLION
Q2 FREE CASH FLOW SEK 532 MILLION
Q2 ADJUSTED EPS SEK 2.01
RECOVERY IN FINNISH MARKET IS TAKING LONGER THAN WE HAD PREVIOUSLY EXPECTED
ACQUISITION OF DALATA IS PROCEEDING ACCORDING TO PLAN AND WE EXPECT TO COMPLETE TRANSACTION IN Q4
BOOKING SITUATION IS STRONG, AND TREND HAS BEEN POSITIVE SINCE START OF JULY
BASED ON CURRENT BOOKING SITUATION, WE EXPECT A STRONG Q3
PRICE TRENDS ARE NOW MORE FAVORABLE THAN EARLIER IN YEAR
OCCUPANCY RATE IS EXPECTED TO BE IN LINE WITH LAST YEAR, ACCOMPANIED BY HIGHER AVERAGE ROOM RATES
Source text: ID:nWkr2G5cxJ
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