Scandic’s interim report Q3 2019 – Improved profitability and increased sales growth
THIRD QUARTER IN SUMMARY · Net sales rose by 6.6% to 5,195 MSEK (4,874), chiefly due to good demand and more rooms in operation. · Organic growth was 5.7% whereof net sales for comparable units rose by 3.0%. · Adjusted EBITDA rose to 823 MSEK (736), which is Scandic’s best quarterly result ever. The improved performance is mainly the result of increased revenues combined with improved cost efficiency. · The adjusted EBITDA margin was 15.8% (15.1) with an improved margin in Sweden, Norway and Finland. · Adjusted for the effect of finance leases and items affecting