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
- September 15, 2022 07:45 CEST Scandic to open new hotel in Ski outside of Oslo
- September 1, 2022 09:00 CEST Scandic opens large new hotel in historic printing house in Helsinki
- August 31, 2022 17:30 CEST Change in the number of shares and votes in Scandic
- August 18, 2022 13:00 CEST Conversion of Scandic’s convertible bonds in an aggregated nominal amount of SEK 2 million to shares