Scandic’s interim report Q2 2017 – Strong growth in a highly active quarter
Second quarter in summary · Net sales increased by 9.4% to 3,770 MSEK (3,447) due to higher RevPAR, more rooms in operation and positive currency effects. · The Easter holiday fell entirely in April, which had a negative impact on the quarter compared with the previous year. Adjusted for calendar effects, sales growth was higher than in the first quarter. · Adjusted EBITDA was 461 MSEK (470), and earnings per share was 2.02 SEK (2.52). Excluding currency effects related to revaluation of loans and investments, earnings per share was 2.15 SEK (2.21). · Scandic opened nine