Scandic’s year-end report 2018 – Good demand in the quarter
Fourth quarter in summary · Net sales rose by 22.8% to 4,595 MSEK (3,743). Excluding the acquisition of Restel and currency effects, net sales rose by 4.9%. For comparable units, growth in net sales was 0.8%. · Adjusted EBITDA increased to 487 MSEK (336), corresponding to a margin of 10.6% (9.0). Earnings per share amounted to 1.59 SEK (1.53). · Agreements signed for a new 234-room hotel in Munich and a 230-room hotel in Kiruna as well as the takeover of a 165-room hotel in Molde, Norway. The year in summary · Net sales rose by 23.5% to 18,007 MSEK (14,582). Excluding