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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

TARGET: 5%

In 2024, organic growt amounted to 0.9 percent.

Target & outcome 2017-2024

TARGET: 11%

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

TARGET: < 1x

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

TARGET: ≥ 50%

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

MSEK202420232022202120202019
Financial key ratios, reported     
Net sales growth21,95921,9351910719
Net sales growth, %0.114.190.735.6-60.65.2
Net sales growth, LFL, %2.39,774,633,8-57,41,5
Operating profit/loss2,8362,7852,457-440-4,8002,144
Operating margin, %12.91.7%12.8%-4.4%-64.3%11.3%
Profit/loss for year attributable to Parent Company643532394-2-6722
Balance sheet total53,83053,95650,94844,75538,28343,509
Equity3,3722,1662,2741,1552,0716,601
Working capital-2,478-2,758-3,157-2,624-1,573-1,972
Cash flows from operating activities6,3896,3946,4323,7011,1515,067
Alternative performance measures     
Adjusted EBITDA2,4952,5662,5366,000-1,5032,046
Adjusted EBITDA margin, %11.411.7%13.2%0.1%-20.1%10.8%
Profit/loss, excluding effect of IFRS 161,0981,083866-1,098-5,739942
Interest-bearing net liabilities1281,5032,9094,3864,7143,497
Interest-bearing net liabilities/adjusted EBITDA LTM0.10.61.1731,0neg1.7
Free cash flow9101,7542,202185-2,939782
Key ratios per share     
Average number of shares after dilution219,106,689191,304,116191,304,116191,250,686148,645,691103,036,484
Earnings per share, SEK3.192.862.21-8.79-40.027.01
Earnings per share, SEK, excl. IFRS 165.235.094.1-5.75-38.629.15
Equity/share, SEK15.010.811.96.010.864.1
Hotel-related key ratios     
RevPAR (Revenue Per Available Room), SEK799782683364271707
ARR (Average Room Rate), SEK1,2941,2721,1839579451,071
OCC (Occupancy), %61.861.457.738,028.766,0
Total number of rooms at year-end55,31955.64255.83154.26553.00352.755