Scandic’s interim report Q2 2018 – Improved results in all markets
Second quarter in summary · Net sales rose by 26% to 4,748 MSEK (3,770), driven by more rooms in operation, including the acquisition of Restel, as well as positive currency effects. · For comparable units, net sales increased by 4.3%, positively impacted by calendar effects. · Adjusted EBITDA totaled 618 MSEK (461), corresponding to a margin of 13.0% (12.2). · Restel contributed with 40 MSEK to adjusted EBITDA. Integration costs totaled 80 MSEK. · Earnings per share amounted to 2.51 SEK (2.02). Excluding the effect of financial leases and currency effects from the