Scandic’s interim report for the fourth quarter 2024 – Strong quarter, stable bookings and capital returns to shareholders
Fourth quarter in summary, October 1 – December 31, 2024 · Net sales rose by 1.4 percent to 5,487 million SEK (5,410). Organic growth increased by 1.5 percent. · Average occupancy rate increased to 59.6 percent (57.9). · Average revenue per available room (RevPAR) went up to 762 SEK (734). · Operating profit totaled 626 million SEK (502). · Adjusted EBITDA was 544 million SEK (451). · Excluding IFRS 16, earnings per share equaled 1.08 SEK (0.78). · Free cash flow was 521 million SEK (549). · Interest-bearing net debt/adjusted EBITDA amounted to 0.1x on a rolling 12-