The Group’s activities expose it to a variety of financial risks: market risk (including currency risk and interest rate risk), credit risk and liquidity risk.
The Group’s overall financial policy focuses on the unpredictability of the financial markets and seeks to minimize potential adverse effects on the Group’s financial result.
Risk management is handled by Group Finance in accordance with policies established by the Board of Directors. These include overall risk management as well as risk management for specific areas such as currency risk, interest rate risk, credit risk, the use of derivatives and non-derivative financial instruments and investment of excess liquidity. Group Finance identifies, evaluates and hedges financial risks in close collaboration with the Group’s operating units.
Latest press releases
- November 17, 2022 09:15 CET Current affairs and commercial leadership in focus as Scandic develops future leaders
- November 9, 2022 10:30 CET Thérèse Cedercreutz new Chief Commercial Officer at Scandic Hotels
- October 28, 2022 10:00 CEST Nomination committee for Scandic’s AGM 2023 appointed
- October 27, 2022 07:30 CEST Scandic’s interim report Q3 2022 – Scandic’s best quarter ever