Scandic’s interim report Q1 2019 – Improved results in stable markets
First quarter in summary · Net sales rose by 7.3% to 4,066 MSEK (3,791). Organic growth was 4.7% while sales for comparable units grew by 2.5%. More rooms in operation contributed with 2.2% to sales growth. · The 2019 Easter holiday fell in April, which is why the quarter is not fully comparable with the first quarter 2018. Calendar effects are estimated to have impacted net sales positively by 3 to 4% due to the late Easter. · Adjusted EBITDA increased to 160 MSEK (115), corresponding to a margin of 3.9% (3.0). · Divestment of Scandic Hasselbacken in Stockholm for 230 MSEK.