Scandic’s interim report Q2 2023 – Strong quarter with high activity and positive outlook
Second quarter in summary, April 1 – June 30, 2023. • Net sales rose by 7.9 percent to 5,693 million SEK (5,276). • Average occupancy rate was 63.0 percent (63.2). • Average revenue per available room (RevPAR) went up to 828 SEK (749). • Operating profit totaled 833 million SEK (1,016). • Adjusted EBITDA1) was 772 million SEK (1,083). • Excluding IFRS 16, earnings per share equaled 1.55 SEK (2.44). • Free cash flow was 664 million SEK (1,300). • Interest-bearing net debt/adjusted EBITDA amounted to 1.1x (0.5x excluding the convertible loan). 1) Earnings