Risk and risk management
All business activities are associated with risks. Risks that are managed well can lead to opportunities and create value, while risks that are not managed properly can lead to damage and losses.
The ability to identify, assess, manage and monitor risks is an important part of the management and control of Scandic’s business operations. The aim is that the Group’s objectives will be achieved through well-considered risk-taking within established limits.
The risk management process includes strategic, operational and financial risks.
Scandic has good underlying risk diversification in the form of a geographically diverse and balanced customer base. The Group operates primarily in the Nordic market through about 280 hotels that serve its main target groups: business and leisure travelers. Of the Group’s revenues, corporate travel accounts for approximately 70 percent and leisure travel for about 30 percent. Scandic is not dependent on a specific industry or a few customers.
Latest press releases
- October 28, 2021 07:30 CEST Scandic’s interim report Q3 2021 – Strong results in an improved market
- October 26, 2021 11:00 CEST Åsa Wirén new CFO at Scandic Hotels
- October 21, 2021 12:00 CEST Invitation to presentation of Scandic’s interim report for the third quarter 2021
- October 15, 2021 07:45 CEST Scandic reports strong results and cash flow for third quarter 2021