Scandic’s comments on financial performance for Q1 2020
Given the current market situation, Scandic is providing an update on the company’s financial performance and the extensive cost-saving measures. During the period January–March 2020, the Group’s net sales totaled 3,344 MSEK, a decrease of around 18 percent compared with the first quarter 2019. For comparable units, the decline was 17 percent. During the first two months of the year, Scandic saw positive sales development with an increase of slightly more than 2 percent for comparable units, driven among other things by strong sales in Finland. From the end of February, occupancy at