Scandic’s interim report for the first quarter 2016 – Positive start to the year and good underlying demand
First quarter 2016 in summary · Results for the quarter were impacted by this year’s Easter holiday that fell entirely during the month of March. · LFL RevPAR grew 1.7% driven by greater occupancy. Total RevPAR decreased by 1.9% mainly as a result of exchange rate fluctuations. · Net sales LFL went up 2.3% due to continued good underlying demand. · Net sales decreased by 2.6% to 2,594 MSEK (2,664), with mainly exchange rate fluctuations having a negative impact. · Adjusted EBITDA amounted to 40 MSEK (66) corresponding to a margin of 1.5% (2.5).The margin change is a