Scandic’s interim report Q1 2018 – Increased focus on costs
First quarter in summary · Net sales rose by 22.5 percent to 3,791 MSEK (3,095), driven by more rooms in operation and the Restel acquisition. · The Easter holiday fell partly in March, so the quarter is not fully comparable with the first quarter of 2017. It is estimated that calendar effects affected net sales negatively by approximately 4 percentage points. · Net sales for comparable units dropped by 1.2 percent but rose by approximately 3 percent when adjusted for calendar effects. · Adjusted EBITDA totaled 115 MSEK (154), corresponding to a margin of 3.0 percent (5.0).