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
- June 30, 2020 17:45 CEST Change in the number of shares and votes in Scandic
- June 24, 2020 08:00 CEST Scandic’s rights issue oversubscribed
- June 15, 2020 14:15 CEST Bulletin from Scandic’s annual general meeting 2020
- June 10, 2020 19:30 CEST Scandic publishes a supplement to the prospectus regarding the rights issue