Scandic’s year-end report 2021 – Positive results & strengthened cash flow
Fourth quarter in summary · Net sales rose by 175 percent to 3,783 MSEK (1,377). · Average occupancy was 51.1 percent compared with 55.1 percent during the previous quarter and 23.0 percent the fourth quarter 2020. Occupancy was impacted negatively by restrictions that were reintroduced at the end of the quarter. · Average revenue per available room (RevPAR) was 510 SEK (193). · Adjusted EBITDA totaled 436 MSEK (-282). The company’s results were impacted positively by state aid of 111 MSEK (226). · Free cash flow totaled 831 MSEK and net debt decreased during the quarter to