Scandic’s year-end report 2023 – Good finish to a record year
Fourth quarter in summary, October 1 – December 31, 2023. · Net sales rose by 3.5 percent to 5,410 million SEK (5,228). · Average occupancy rate was 57.9 percent (57.0). · Average revenue per available room (RevPAR) went up to 734 SEK (695). · Operating profit totaled 502 million SEK (488). · Adjusted EBITDA was 451 million SEK (476). · Excluding IFRS 16, earnings per share equaled 0.78 SEK (0.49). · Free cash flow was 549 million SEK (945). · Interest-bearing net debt/adjusted EBITDA amounted to 0.6x (0.2x excluding the convertible loan). January 1 –