Scandic’s year-end report 2020 – Expected recovery after a challenging 2020
Fourth quarter in summary · Net sales fell by 71 percent to 1,377 MSEK (4,831). · Occupancy dropped to 23 percent during the quarter due to the increased spread of the coronavirus and stricter restrictions from authorities in all markets. · Adjusted EBITDA was -282 MSEK (504). Results for the quarter were impacted positively by state aid of 226 MSEK and rental rebates of around 180 MSEK. · Excluding IFRS 16 and items affecting comparability, earnings per share amounted to -2.37 SEK (1.83). · At the end of the quarter, Scandic’s available liquidity, including credit