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
- July 16, 2021 07:30 CEST Scandic’s interim report Q2 2021 – Recovery gaining momentum
- July 7, 2021 10:09 CEST Invitation to presentation of Scandic’s interim report for the second quarter 2021
- June 30, 2021 09:00 CEST Scandic rewards conscientious travelers - launches program to engage guests together with the Keep Sweden Tidy Foundation
- June 16, 2021 08:00 CEST Scandic takes Gothenburg to new heights – Scandic Göteborg Central set to open next year