Financial overview
Between 2015 and 2019, Scandic’s net sales grew by around 55 percent thanks to good organic growth combined with contribution from the acquisition of Finnish Restel that was completed in December 2017. The adjusted EBITDA-margin has been relatively stable during the period and Scandic has shown a good ability to generate cash flow.
Five-year summary
| MSEK | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|
| Financial key ratios – income statement | |||||
| Net sales | 18 945 | 18 007 | 14 582 | 13 082 | 12 192 |
| Net sales growth, % | 5,2 | 23,5 | 11,5 | 7,3 | 12,6 |
| Net sales growth, LFL % | 1,5 | 1,2 | 4,7 | 6,6 | 7,3 |
| Adjusted EBITDA | 2 046 | 1 957 | 1 573 | 1 513 | 1 246 |
| Adjusted EBITDA margin, % | 10,8 | 10,9 | 10,8 | 11,6 | 10,2 |
| EBIT (Operating profit/loss) | 2 144 | 983 | 925 | 925 | 613 |
| Operating margin (EBIT), % | 11,3 | 5,5 | 6,3 | 7,1 | 5,0 |
| Profit/loss for year attributable to Parent Company | 721 | 674 | 707 | 879 | 117 |
| Profit/loss excl. effect of finance leases | 942 | 700 | 711 | 882 | 120 |
| Financial key ratios – Financial position | |||||
| Balance sheet total | 43 509 | 17 737 | 16 964 | 14 144 | 12 900 |
| Equity | 6 601 | 7 806 | 7 356 | 7 103 | 6 205 |
| Working capital | -1 972 | -1 575 | -1 501 | -1 161 | -1 132 |
| Interest-bearing net liabilities | 3 497 | 3 837 | 3 629 | 2 709 | 3 355 |
| Interest-bearing net liabilities/adjusted EBITDA | 1,7 | 2,0 | 2,3 | 1,8 | 2,7 |
| Cash flow from operating activities | 5 067 | 1 723 | 1 544 | 1 609 | 1 186 |
| Free cash flow | 782 | 263 | -629 | 789 | 180 |
| Key ratios per share | |||||
| Average number of shares after dilution | 103 036 484 | 103 075 976 | 103 003 004 | 102 457 837 | 81 826 211 |
| Earnings per share, SEK | 7,01 | 6,54 | 6,86 | 8,58 | 1,43 |
| Earnings per share, SEK, excl. effect leases | 9,15 | 6,80 | 6,86 | 8,58 | 1,43 |
| Earnings per share, SEK. excl effect leases & items affecting comparability | 7,49 | 7,87 | 7,04 | 6,85 | 2,70 |
| Equity/share, SEK | 64,1 | 75,4 | 71,4 | 69,3 | 75,8 |
| Hotel-related key ratios | |||||
| RevPAR (Revenue Per Available Room), SEK | 707 | 683 | 680 | 643 | 601 |
| ARR (Average Room Rate), SEK | 1 071 | 1 045 | 1 012 | 976 | 934 |
| OCC (Occupancy), % | 66,0 | 65,3 | 67,1 | 65,9 | 64,4 |
| Number of rooms at year-end | 52 755 | 51 693 | 42 659 | 41 572 | 40 920 |
Latest press releases
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April 14, 2021 08:30 CEST
Scandic recruits new Chief HR Officer
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March 29, 2021 17:20 CEST
Notice of the extraordinary general meeting of Scandic Hotels Group AB (publ)
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March 26, 2021 18:15 CET
Scandic has successfully completed an offering of convertible bonds raising approximately SEK 1,609 million in gross proceeds
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March 26, 2021 07:30 CET
Scandic announces an offering of convertible bonds with expected gross proceeds of SEK 1,600m and conditional extension of the existing SEK 6,650m credit facilities until 2023
Events
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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