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
- February 17, 2021 07:30 CET Scandic’s year-end report 2020 – Expected recovery after a challenging 2020
- February 5, 2021 09:29 CET Invitation to presentation of Scandic’s year-end report 2020
- January 15, 2021 08:25 CET Scandic comments on market situation and ongoing rent negotiations
- January 11, 2021 09:30 CET Scandic Arlandastad opens its doors