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
Scandic meets Nordic Swan Ecolabel’s new stricter environmental requirements
Today, Scandic reached a sustainability milestone by recertifying all of its previously ecolabeled hotels according to the Nordic Swan Ecolabel’s new,...
Scandic to rebrand hotel in central Helsinki
Scandic Hotels has signed a long-term agreement with landlord Exilion to extend the agreement and rebrand the Holiday Inn City Centre in downtown Hels...
Scandic continues to invest in the leaders of tomorrow
For 22 years, Scandic has been training future leaders through the company’s internal leadership program, Talent@Scandic. Recently, 23 talents from Sc...
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