Financial risks
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
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May 23, 2022 13:00 CEST
Scandic Oceanhamnen now open – sustainability plays leading role from quay to rooftop terrace
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May 10, 2022 12:40 CEST
Bulletin from Scandic’s annual general meeting 2022
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April 28, 2022 11:55 CEST
Scandic to open third hotel in Tromsø
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April 27, 2022 07:30 CEST
Scandic’s interim report Q1 2022