Trade Scandic Hotels Group - SHOT CFD

Scandic Hotels Company profile

About Scandic Hotels Group AB

Scandic Hotels Group AB is a Sweden-based company engaged, along with its subsidiaries, in the operation of hotels. The Company’s main market in which the Group operates in: Sweden, which includes Swedish hotels that are operated under the Scandic brand; Norway, which includes Norwegian hotels that are operated under the Scandic brand, and Other Nordic countries & segments include hotel operation in Belgium, Denmark, Finland, the Netherlands, Poland and Germany, as well as the hotel concept HTL, which is operated by the sub-group HTL Hotels. The Company operates a network of approximately 224 hotels and almost 42,000 hotel rooms in seven countries. Scandic Hotels Group AB is a wholly owned subsidiary of Sunstorm Holding AB.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Scandic Hotels Group AB revenues increased 35% to SEK10.09B. Net loss decreased 72% to SEK1.68B. Revenues reflect Occupancy, International - % Norge increase of 43% to 41.4%, Average Daily Room Rate (ADR), Norway increase of 9% to SEK1022, Room revenue increase of 34% to SEK6.58B, Restaurant and conference revenue increase of 32% to SEK2.95B.

Equity composition

5/2020, Rights Issue, 6 new shares for every 7 shares held @ SEK20 (Factor: 1.40964).