Scandic reports strong results and cash flow for third quarter 2021
Scandic’s adjusted EBITDA for the third quarter was 709 MSEK. As a result of strong cash flow, Scandic’s net debt decreased by slightly more than 500 MSEK during the quarter. Scandic’s net sales for the third quarter amounted to 3,734 MSEK while adjusted EBITDA totaled 709 MSEK. The company’s results were impacted positively by 132 MSEK of state aid received and a repayment of 44 MSEK related to over-consolidation from the insurance company AFA. In addition, just over 150 MSEK of the profit is estimated to be attributable to temporary effects from Scandic’s quarantine-related operations