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
- May 4, 2021 10:00 CEST Scandic’s CEO Jens Mathiesen acquires stock options from Stena Sessan and Formica
- April 28, 2021 16:05 CEST Scandic’s Nomination Committee proposes Therese Cedercreutz as new Board member
- April 28, 2021 16:00 CEST Notice to annual general meeting in Scandic Hotels Group AB (publ)
- April 28, 2021 07:30 CEST Scandic’s interim report Q1 2021 – Well prepared for a recovery