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 9, 2020 08:00 CEST Scandic expects occupancy of 30-35 percent for September
- September 8, 2020 08:30 CEST Scandic Hotels launches the largest network of coworking spaces in the Nordic countries
- August 21, 2020 14:30 CEST Svein Arild Steen-Mevold to leave Scandic
- July 31, 2020 17:30 CEST Change in the number of shares and votes in Scandic