Scandic’s interim report Q1 2023– Strong first quarter
First quarter in summary, January 1 – March 31, 2023 • Net sales rose by 65.6 percent to 4,526 million SEK (2,733). • Average occupancy rate increased to 53.5 percent (39.1). • Average revenue per available room (RevPAR) went up to 626 SEK (395). • Operating profit amounted to 199 million SEK (-279). • Adjusted EBITDA1) was 170 million SEK (-237). • Earnings per share totaled -1.63 SEK (-3.35). Excluding IFRS 16, earnings per share equaled -0.88 SEK (-2.73). • Free cash flow was -356 million SEK (-997). • Interest-bearing net debt/adjusted EBITDA amounted to