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 2017-2024
In 2024, organic growt amounted to 0.9 percent.
Target & outcome 2017-2024
In 2024, the adjusted EBITDA margin was 11.4 percent compared with 11.7 percent in 2023.
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 2017-2024
At the end of 2024, Scandic’s net debt was 128 million SEK while adjusted EBITDA amounted to 2,495 million SEK. Net debt in relation to adjusted EBITDA was 0.1x.
Target & outcome 2017-2024
In 2024, Scandic distributed an extraordinary dividend of 550 million SEK, equivalent to approximately 2.50 SEK per share. Additionally, an ordinary dividend of 2.60 SEK per share will be distributed. In total, these dividends amount to approximately 103 percent of net profit.
FIVE-YEAR OVERVIEW
| MSEK | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Financial key ratios, reported | ||||||
| Net sales growth | 21,959 | 21,935 | 19 | 10 | 7 | 19 |
| Net sales growth, % | 0.1 | 14.1 | 90.7 | 35.6 | -60.6 | 5.2 |
| Net sales growth, LFL, % | 2.3 | 9,7 | 74,6 | 33,8 | -57,4 | 1,5 |
| Operating profit/loss | 2,836 | 2,785 | 2,457 | -440 | -4,800 | 2,144 |
| Operating margin, % | 12.9 | 1.7% | 12.8% | -4.4% | -64.3% | 11.3% |
| Profit/loss for year attributable to Parent Company | 643 | 532 | 394 | -2 | -6 | 722 |
| Balance sheet total | 53,830 | 53,956 | 50,948 | 44,755 | 38,283 | 43,509 |
| Equity | 3,372 | 2,166 | 2,274 | 1,155 | 2,071 | 6,601 |
| Working capital | -2,478 | -2,758 | -3,157 | -2,624 | -1,573 | -1,972 |
| Cash flows from operating activities | 6,389 | 6,394 | 6,432 | 3,701 | 1,151 | 5,067 |
| Alternative performance measures | ||||||
| Adjusted EBITDA | 2,495 | 2,566 | 2,536 | 6,000 | -1,503 | 2,046 |
| Adjusted EBITDA margin, % | 11.4 | 11.7% | 13.2% | 0.1% | -20.1% | 10.8% |
| Profit/loss, excluding effect of IFRS 16 | 1,098 | 1,083 | 866 | -1,098 | -5,739 | 942 |
| Interest-bearing net liabilities | 128 | 1,503 | 2,909 | 4,386 | 4,714 | 3,497 |
| Interest-bearing net liabilities/adjusted EBITDA LTM | 0.1 | 0.6 | 1.1 | 731,0 | neg | 1.7 |
| Free cash flow | 910 | 1,754 | 2,202 | 185 | -2,939 | 782 |
| Key ratios per share | ||||||
| Average number of shares after dilution | 219,106,689 | 191,304,116 | 191,304,116 | 191,250,686 | 148,645,691 | 103,036,484 |
| Earnings per share, SEK | 3.19 | 2.86 | 2.21 | -8.79 | -40.02 | 7.01 |
| Earnings per share, SEK, excl. IFRS 16 | 5.23 | 5.09 | 4.1 | -5.75 | -38.62 | 9.15 |
| Equity/share, SEK | 15.0 | 10.8 | 11.9 | 6.0 | 10.8 | 64.1 |
| Hotel-related key ratios | ||||||
| RevPAR (Revenue Per Available Room), SEK | 799 | 782 | 683 | 364 | 271 | 707 |
| ARR (Average Room Rate), SEK | 1,294 | 1,272 | 1,183 | 957 | 945 | 1,071 |
| OCC (Occupancy), % | 61.8 | 61.4 | 57.7 | 38,0 | 28.7 | 66,0 |
| Total number of rooms at year-end | 55,319 | 55.642 | 55.831 | 54.265 | 53.003 | 52.755 |
Latest press releases
Scandic Go continues to expand in Finland
Scandic is continuing to grow its Scandic Go offering in Finland by establishing a new hotel in Turku. The new centrally located 138-room hotel will s...
Scandic’s new signature hotel The Dock 69°39 by Scandic opens in Tromsø
On Tuesday, Scandic opened the doors of its sixth signature hotel, The Dock 69°39 by Scandic, in central Tromsø. The new hotel adds 305 new rooms to S...
Scandic to establish new hotel in Uppsala
Together with landlord Vasakronan, Scandic plans to open a modern, new 236-room hotel in downtown Uppsala. The hotel will be built in the rapidly grow...
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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