Scandic’s interim report Q2 2021 – Recovery gaining momentum
Second quarter in summary · Net sales rose by 147 percent to 1 640 MSEK (665). · Average occupancy increased to 27.1 percent compared with 17.5 percent during the previous quarter. The rate of increase accelerated at the end of the quarter, with occupancy reaching 35.9 percent in June. · Adjusted EBITDA was -364 MSEK (-1,138). Results for the quarter were impacted positively by state aid of 203 MSEK and rent discounts of approximately 105 MSEK. · Excluding IFRS 16, earnings per share totaled -3.08 SEK (-11.08). · Several new hotels opened: Scandic Grand Central in Helsinki,