Scandic’s interim report Q3 2016 – Continued strong growth and positive development in earnings
Third quarter 2016 in summary · RevPAR LFL grew by 7.7%, driven by higher occupancy and increased average room rates. · Net sales LFL rose by 5.7% due to continued strong underlying demand. · Net sales rose by 9.2% to 3,577 MSEK (3,275).Adjusted for exchange rate fluctuations, net sales increased by 9.3%. · Adjusted EBITDA grew by 11.6% to 547 MSEK (491) corresponding to a margin of 15.3% (15.0). January – September 2016 in summary · RevPAR LFL for January-September grew by 6.8% driven by higher occupancy and increased average room rates. · Net sales LFL for