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
- April 14, 2021 08:30 CEST Scandic recruits new Chief HR Officer
- March 29, 2021 17:20 CEST Notice of the extraordinary general meeting of Scandic Hotels Group AB (publ)
- March 26, 2021 18:15 CET Scandic has successfully completed an offering of convertible bonds raising approximately SEK 1,609 million in gross proceeds
- 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