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
- October 15, 2021 07:45 CEST Scandic reports strong results and cash flow for third quarter 2021
- September 22, 2021 08:15 CEST Scandic publishes prospectus and intends to apply for admission to trading on Nasdaq Stockholm of the convertible bonds issued in March 2021
- September 16, 2021 09:00 CEST Scandic continues to empower the leaders of tomorrow
- September 15, 2021 08:00 CEST Scandic comments on current market situation – positive development during summer & promising start to the autumn