Scandic expects very strong earnings development with an estimated adjusted EBITDA of 1,000-1,100 MSEK in the second quarter 2022
Scandic anticipates very strong earnings development during the second quarter of the year driven by a greatly improved hotel market combined with high efficiency, cost control and a number of non-recurring items. Scandic Hotels expects net sales for the second quarter of the year to amount to 5,200-5,400 MSEK. Adjusted EBITDA is expected to be 1,000-1,100 MSEK, which is considerably higher than earlier forecasts. The hotel market has been especially strong during the first two months of the quarter and Scandic expects similar market development in June. In April and May, Scandic’s