Year-End Report 1999
Scandic Hotels AB (publ) Year-End Report 1999 The year in brief * Income after net financial items amounted to SEK 372 million (274m), an improvement of 36 per cent. For comparable hotels, the year-on-year improvement was 28 per cent. * Net sales in 1999 amounted to SEK 5,320 million (5,004m), corresponding to an increase of 6 per cent. For comparable hotels, the increase was also 6 per cent. * Operating income amounted to SEK 354 million (308m), corresponding to an operating margin of 6.7 per cent (6.2%). * The cash flow remained strong and stood at SEK 239 million (101m) after investments