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
- March 23, 2020 07:30 CET Scandic adapting operations to a temporary period of significantly lower occupancy
- March 16, 2020 19:35 CET Scandic’s Board of Directors proposes to cancel dividend for 2019 in order to improve the financial position
- March 12, 2020 17:15 CET Business situation continues to worsen due to coronavirus – Scandic to give notice of termination
- March 11, 2020 11:30 CET Scandic’s Nomination Committee proposes Kristina Patek as new Board member