Year-End Report 1998
Year-End Report 1998 www.scandic-hotels.com 1998 in brief * Income after net financial items rose by 60 per cent to SEK 274 million (171m). Adjusted for an item affecting comparability, earnings improved by 71 per cent to SEK 293 million (171m). * Sales rose by 35 per cent to SEK 5,004 million (3,697m). For comparable units, sales rose by 8 per cent, due to an increase in volumes and average room revenues. * The operating margin rose to 6.2 per cent (5.2%) and the return on equity was 19 per cent (24%). Adjusted for an item affecting comparability, the operating margin was 6.5 per cent. * A