Scandic’s interim report for the third quarter 2024 – Good quarter, stable bookings and capital returns to shareholders
Third quarter in summary, July 1 – September 30, 2024 · Net sales declined by 2.0 percent to 6,182 million SEK (6,307). Organic growth increased by 0.5 percent. · Average occupancy rate increased to 71.4 percent (71.0). · Average revenue per available room (RevPAR)increased to 941 SEK (933). · Operating profit totaled 1,155 million SEK (1,251). · Adjusted EBITDA was 1,077 million SEK (1,173). · Excluding IFRS 16, earnings per share equaled2.98 SEK (3.04). · Free cash flow was 659 million SEK (899). · Interest-bearing net debt/adjusted EBITDA amounted to 0.0x on