Sweden's Scandic Q1 boosted by higher occupancy, says no demand hit from geopolitical situation

Scandic Hotels AB

22/04/2026 06:42

Overview

Sweden hotel operator's Q1 net sales rose 3.1% yr/yr, organic growth was 4.7%

Average occupancy rate increased and average revenue per available room (RevPAR) also rose

Quarterly results boosted by strong efficiency, cost control, and hurt by weak demand in Finland

Outlook

Scandic expects Q2 occupancy and average room rates to be slightly higher year-on-year

Company sees high booking levels from leisure travelers and stable demand from business travelers for Q2

Scandic says it is not currently seeing direct impact on demand from the geopolitical situation

Result Drivers

OPERATIONAL EFFICIENCY - Co said high operational efficiency and good cost control supported earnings

FINLAND WEAKNESS - Weak demand in Finland weighed on results, though occupancy and prices stabilized towards end of qtr

HIGHER ENERGY COSTS & CALENDAR EFFECTS - Higher energy costs from cold weather and the early timing of Easter negatively impacted earnings

Company press release: ID:nWkr8PHtM9

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Slight Miss*
SEK 4.69 bln
SEK 4.72 bln (2 Analysts)
Q1 Adjusted EPS
-SEK 0.59
Q1 Adjusted EBITDA
Slight Miss*
SEK 105 mln
SEK 106 mln (1 Analyst)
Q1 Free Cash Flow
-SEK 473 mln
Q1 RevPAR
SEK 665


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the hotels, motels & cruise lines peer group is "buy."

Wall Street's median 12-month price target for Scandic Hotels Group AB is SEK95.00, about 0.6% below its April 21 closing price of SEK95.55

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)