Scandic’s interim report Q2 2016 – Strong results with improved margins
Second quarter 2016 in summary · Adjusted EBITDA grew by 31.3% to 470 MSEK (358) corresponding to a margin of 13.6% (11.3%). The improved margin is the result of strong revenue growth and efficiency gains from the Rica acquisition. · RevPAR LFL grew by 10.9%, driven by higher occupancy and increased average room rates. Total RevPAR increased by 8.8%. · Net sales LFL increased by 9.8% due to continued good underlying demand and the fact that this year’s Easter holiday fell entirely within the first quarter. · Net sales rose by 8.8% to 3,447 MSEK (3,169). First half year