Scandic’s interim report Q1 2021 – Well prepared for a recovery
First quarter in summary · Net sales decreased by 72 percent to 930 MSEK (3,343). · Average occupancy dropped to 17.5 percent during the quarter. Levels of activity were particularly low in the larger cities. · In all countries, continued restrictions from authorities to reduce the spread of the coronavirus had a strong negative effect on the hotel market. · Adjusted EBITDA was -775 MSEK (-174). Results for the quarter were impacted positively by state aid of 247 MSEK and rent discounts of approximately 143 MSEK. · Excluding IFRS 16, earnings per share amounted to -4.90 SEK