Scandic’s year-end report 2022 - Stable quarter ends a strong year
fourth quarter in summary · Net sales rose to 5,228 MSEK (3,783), an increase of 38.2 percent compared with the fourth quarter of 2021. · Average occupancy increased to 57.0 percent compared with 51.1 percent during the fourth quarter of 2021. · Average revenue per available room (RevPAR) grew to 695 SEK (510) driven by higher occupancy and positive price development. · Adjusted EBITDA amounted to 476 MSEK (436). · Excluding IFRS 16, earnings per share totaled 0.49 SEK (0.65). · Free cash flow was 945 MSEK (831). · Interest-bearing net debt/adjusted EBITDA amounted to