Scandic’s interim report Q3 2018 – Continued improved earnings
Third quarter in summary · Net sales rose by 22.6% to 4,874 MSEK (3,974), driven by more rooms in operation, including the acquisition of Restel, as well as positive currency effects. For comparable units, growth in net sales was 0.3%. · Adjusted EBITDA increased to 736 MSEK (622), corresponding to a margin of 15.1% (15.7). · Restel contributed 84 MSEK to adjusted EBITDA corresponding to a margin of 14.7%. · Earnings per share amounted to 3.83 SEK (3.65). Excluding the effect of finance leases and currency effects from the revaluation of loans, earnings per share totaled 3.89