Scandic’s year-end report 2019 – Continued improvement in adjusted EBITDA
FOURTH quarter in summary · Net sales rose by 5.1% to 4,831 MSEK (4,595) mainly due to more rooms in operation and strong sales growth in Finland. · Organic sales growth totaled 4.4%, of which net sales for comparable units increased 2.2%. · Adjusted EBITDA improved and amounted to 504 MSEK (487) thanks to strong results in Finland and Norway. Adjusted for the effect of finance leases and items affecting comparability, earnings per share totaled 1.83 SEK (1.84). · Agreement for a new 350-room hotel in Helsinki and a 160-room hotel in Örebro, Sweden. · During the quarter,