Financial overview
Scandic is financially strong and well-positioned to execute its strategy. Our financial targets aim to create shareholder value through a combination of growth, profitability and financial strength.
FINANCIAL TARGETS
Scandic’s financial targets aim to create shareholder value through a combination of growth, profitability and financial strength. The company has the following financial targets for the period 2025 to 2027.
Growth
Organic net sales growth of at least 5 percent per year.
Profitability
Adjusted EBITDA margin of at least eleven percent per year.
Target & outcome 2017-2025
In 2025, organic growt amounted to 3.9 percent.
Target & outcome 2017-2025
IFor 2025, the adjusted EBITDA margin amounted to 10.9 percent compared to 11.4 percent for 2024.
Capital strucutre
Net debt in relation to adjusted EBITDA shall be less than 1x.
Dividends
The dividend policy is to distribute at least 50 percent of net results. The dividend is based on net results excluding effects of IFRS 16.
Target & outcome 2017-2025
At the end of 2025, Scandic’s net debt was 35 million SEK while adjusted EBITDA amounted to 2,425 million SEK. Net debt in relation to adjusted EBITDA was 0.0x.
Target & outcome 2017-2025
In 2025, the Board of Directors proposes a dividend of SEK 2.60 per share, corresponding to approximately 53 percent of net profit, excluding IFRS16.
FIVE-YEAR OVERVIEW
| MSEK | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Financial key ratios, reported | |||||||
| Net sales growth | 22,289 | 21,959 | 21,935 | 19 | 10 | 7 | 19 |
| Net sales growth, % | 1,5 | 0.1 | 14.1 | 90.7 | 35.6 | -60.6 | 5.2 |
| Net sales growth, LFL, % | 2.6 | 2.3 | 9,7 | 74,6 | 33,8 | -57,4 | 1,5 |
| Operating profit/loss | 2,661 | 2,836 | 2,785 | 2,457 | -440 | -4,800 | 2,144 |
| Operating margin, % | 11.9 | 12.9 | 1.7% | 12.8% | -4.4% | -64.3% | 11.3% |
| Profit/loss for year attributable to Parent Company | 625 | 643 | 532 | 394 | -2 | -6 | 722 |
| Balance sheet total | 52,532 | 53,830 | 53,956 | 50,948 | 44,755 | 38,283 | 43,509 |
| Equity | 7,933 | 3,372 | 2,166 | 2,274 | 1,155 | 2,071 | 6,601 |
| Working capital | -2,412 | -2,478 | -2,758 | -3,157 | -2,624 | -1,573 | -1,972 |
| Cash flows from operating activities | 6,459 | 6,389 | 6,394 | 6,432 | 3,701 | 1,151 | 5,067 |
| Alternative performance measures | |||||||
| Adjusted EBITDA | 2,425 | 2,495 | 2,566 | 2,536 | 6,000 | -1,503 | 2,046 |
| Adjusted EBITDA margin, % | 10.9 | 11.4 | 11.7% | 13.2% | 0.1% | -20.1% | 10.8% |
| Profit/loss, excluding effect of IFRS 16 | 1,061 | 1,098 | 1,083 | 866 | -1,098 | -5,739 | 942 |
| Interest-bearing net liabilities | 35 | 128 | 1,503 | 2,909 | 4,386 | 4,714 | 3,497 |
| Interest-bearing net liabilities/adjusted EBITDA LTM | 0.0 | 0.1 | 0.6 | 1.1 | 731,0 | neg | 1.7 |
| Free cash flow | 914 | 910 | 1,754 | 2,202 | 185 | -2,939 | 782 |
| Key ratios per share | |||||||
| Average number of shares after dilution | 215,608,363 | 219,106,689 | 191,304,116 | 191,304,116 | 191,250,686 | 148,645,691 | 103,036,484 |
| Earnings per share, SEK | 2.90 | 3.19 | 2.86 | 2.21 | -8.79 | -40.02 | 7.01 |
| Earnings per share, SEK, excl. IFRS 16 | 4.93 | 5.23 | 5.09 | 4.1 | -5.75 | -38.62 | 9.15 |
| Equity/share, SEK | 13.5 | 15.0 | 10.8 | 11.9 | 6.0 | 10.8 | 64.1 |
| Hotel-related key ratios | |||||||
| RevPAR (Revenue Per Available Room), SEK | 816 | 799 | 782 | 683 | 364 | 271 | 707 |
| ARR (Average Room Rate), SEK | 1,274 | 1,294 | 1,272 | 1,183 | 957 | 945 | 1,071 |
| OCC (Occupancy), % | 64,1 | 61.8 | 61.4 | 57.7 | 38,0 | 28.7 | 66,0 |
| Total number of rooms at year-end | 68,592 | 55,319 | 55.642 | 55.831 | 54.265 | 53.003 | 52.755 |
Latest press releases
Scandic drives climate action forward – now with validated Science Based Targets
Scandic has further elevated its climate ambitions now that its climate targets have been validated by the Science Based Targets initiative (SBTi). Th...
Oslo first as Scandic Go is established in Norway
Scandic Go is a central part of Scandic’s growth strategy, and today, the company opened Norway’s first Scandic Go in downtown Oslo. The new hotel has...
Scandic’s interim report for the fourth quarter 2025 – Good organic growth, solid results and good booking situation
About Scandic
Scandic is the largest Nordic hotel operator with a network of about 280 hotels with 58,000 hotel rooms in operation and under development in six countries. Scandic Friends is the biggest loyalty program in the Nordic hotel sector. Corporate responsibility has always been a part of Scandic’s DNA. Since December 2, 2015, Scandic has been listed on Nasdaq Stockholm. Read more about Scandic
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