Accounting principles
The Group applies International Financial Reporting Standards, IFRS, as endorsed by the EU.
The Parent Company applies the Annual Accounts Act and RFR 2 Accounting for legal entities, which means that IFRS is applied with certain exceptions and additions.
From January 1, 2019 IFRS 16 Leases replaced, which means that almost all of the Group's leasing contracts are reported in the balance sheet, as no distinction is made between operational and financial leasing agreements.
Latest press releases
Bulletin from Scandic’s Annual General Meeting
Today, 6 May 2025, Scandic Hotels Group AB (publ) held its Annual General Meeting (AGM). The AGM resolved in accordance with all proposals presented b...
Scandic and SAS introduce matching membership levels
Today, the strategic partnership between Scandic and SAS is being enhanced by introducing the possibility to match membership levels between the Scand...
Transactions by members of the Executive Committee in Scandic to pay taxes related to incentive program
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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