Scandic’s interim report Q3 2023 – Scandic standing stronger than ever
Third quarter in summary, July 1 – September 30, 2023 · Net sales rose by 5.2 percent to 6,307 million SEK (5,994). · Average occupancy rate was 71.0 percent (70.5). · Average revenue per available room (RevPAR) went up to 933 SEK (875). · Operating profit totaled 1,251 million SEK (1,232). · Adjusted EBITDA1) was 1,173 million SEK (1,213). · Excluding IFRS 16, earnings per share equaled 3.04 SEK (3.23). · Free cash flow was 899 million SEK (953). · Interest-bearing net debt/adjusted EBITDA amounted to 0.8x (0.1x excluding the convertible loan).