Scandic’s interim report Q3 2021 – Strong results in an improved market
Third quarter in summary · Net sales rose by 79 percent to 3,734 MSEK (2,085). · Average occupancy more than doubled, amounting to 55.1 percent compared with 27.1 percent during the previous quarter. The occupancy rate in the corresponding quarter last year was 36 percent. · Adjusted EBITDA totaled 709 MSEK (90). · The company’s results were impacted positively by 132 MSEK of state aid received and the repayment of 44 MSEK related to over-consolidation from an insurance company. In addition, just over 150 MSEK of the profit is estimated to be attributable to temporary effects