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Scandic Hotels Group AB (SHOTE.ST)

SHOTE.ST on Stockholm Stock Exchange

98.05SEK
17 Aug 2018
Change (% chg)

2.75kr (+2.89%)
Prev Close
95.30kr
Open
95.45kr
Day's High
98.45kr
Day's Low
95.15kr
Volume
308,494
Avg. Vol
336,648
52-wk High
119.30kr
52-wk Low
73.70kr

Latest Key Developments (Source: Significant Developments)

Scandic Q2 Adjusted EBITDA Above Expectations At SEK 618 Mln
Friday, 20 Jul 2018 01:30am EDT 

July 20 (Reuters) - SCANDIC HOTELS GROUP AB ::SCANDIC'S INTERIM REPORT Q2 2018 - IMPROVED RESULTS IN ALL MARKETS.Q2 ADJUSTED. EBITDA SEK 618 MILLION (REUTERS POLL SEK 569 MILLION).Q2 NET SALES ROSE BY 26% TO 4,748 MSEK (3,770).DURING Q3, WE EXPECT SALES GROWTH FOR COMPARABLE UNITS TO BE IN LINE WITH FIRST HALF OF YEAR.  Full Article

Scandic Q1 Adjusted EBITDA Above Expectations At SEK 115 Million
Thursday, 26 Apr 2018 01:30am EDT 

April 26 (Reuters) - SCANDIC HOTELS GROUP AB ::SCANDIC'S INTERIM REPORT Q1 2018 - INCREASED FOCUS ON COSTS.Q1 REVENUE SEK 3.79 BILLION (REUTERS POLL SEK 3.57 BILLION).Q1 ADJUSTED EBITDA SEK 115 MILLION (REUTERS POLL SEK 100 MILLION).FOR Q2 OF YEAR, EXPECTS POSITIVE REVENUE GROWTH FOR COMPARABLE UNITS.REVPAR IN STOCKHOLM IS EXPECTED TO REMAIN UNDER SOME PRESSURE.  Full Article

Scandic Hotels Group Proposes New Chairman
Tuesday, 27 Feb 2018 01:30am EST 

Feb 27 (Reuters) - SCANDIC HOTELS GROUP AB ::PROPOSE PER G BRAATHEN AS NEW CHAIRMAN OF BOARD.WILL PROPOSE THAT ANNUAL GENERAL MEETING TO BE HELD ON APRIL 26, 2018.  Full Article

Scandic Hotels Group ‍Q4 Adjusted EBITDA Falls To SEK 333 Million
Tuesday, 20 Feb 2018 01:44am EST 

Feb 20 (Reuters) - SCANDIC HOTELS GROUP AB ::‍FOR 2017, BOARD OF DIRECTORS PROPOSES A DIVIDEND OF 3.40 SEK (3.15) PER SHARE​.Q4 NET SALES INCREASED BY 8.1% TO 3,743 MSEK (3,463).‍Q4 ADJUSTED EBITDA TOTALED 333 MSEK (457)​."WE ESTIMATE THAT SALES GROWTH LFL, ADJUSTED FOR CALENDAR EFFECTS, WILL BE POSITIVE IN THE FIRST QUARTER".  Full Article

Scandic Hotels Group: Vagn Sørensen To Leave Position As Chairman
Tuesday, 20 Feb 2018 01:35am EST 

Feb 20 (Reuters) - SCANDIC HOTELS GROUP AB ::VAGN SØRENSEN TO LEAVE POSITION AS CHAIRMAN AND MEMBER OF SCANDIC'S BOARD OF DIRECTORS.VAGN SØRENSEN HAS BEEN SCANDIC'S CHAIRMAN OF BOARD SINCE 2007.NOMINATION COMMITTEE WILL SOON PRESENT ITS PROPOSAL TO BOARD OF DIRECTORS FOR ANNUAL GENERAL MEETING.  Full Article

Scandic Predicts Lower Earnings For Q4
Tuesday, 16 Jan 2018 01:30am EST 

Jan 16 (Reuters) - Scandic Hotels Group Ab ::SCANDIC PREDICTS LOWER EARNINGS FOR THE FOURTH QUARTER.ESTIMATES THAT ADJUSTED EBITDA FOR Q4 2017 WILL BE AROUND 330 MSEK​.‍FOR Q4 OF 2016 ADJUSTED EBITDA AMOUNTED TO 392 MSEK ADJUSTED FOR A ONE-OFF GAIN OF 65 MSEK.​.‍DEVIATION IS EXPLAINED BY LOWER EARNINGS IN SWEDISH OPERATIONS AND ONE-TIME COSTS FOR CENTRAL FUNCTIONS​.‍ADJUSTED EBITDA FOR SCANDIC HOTELS' CENTRAL FUNCTIONS IS ESTIMATED TO AMOUNT TO APPROXIMATELY -140 MSEK FOR Q4​.  Full Article

Scandic Hotels Opens Hotel In Frankfurt
Thursday, 21 Dec 2017 02:30am EST 

Dec 21 (Reuters) - Scandic Hotels Group Ab ::SCANDIC HOTELS TO OPEN ONE OF FRANKFURT'S LARGEST CONFERENCE HOTELS.‍ SIGNED LONG-TERM LEASE AGREEMENT WITH DEVELOPER B&L GROUP.‍HAS SIGNED A LONG-TERM LEASE AGREEMENT REGARDING OPERATION OF A NEW HOTEL IN FRANKFURT.​.  Full Article

Scandic Hotels Group: Finnish Authority Approves Restel Acquisition
Tuesday, 5 Dec 2017 07:40am EST 

Dec 5 (Reuters) - Scandic Hotels Group Ab ::THE FINNISH COMPETITION AND CONSUMER AUTHORITY APPROVES SCANDIC HOTELS' ACQUISITION OF RESTEL, SUBJECT TO CONDITIONS.‍IT IS EXPECTED THAT ACQUISITION WILL CLOSE BEFORE END OF YEAR.​.  Full Article

Scandic To Take Over Hotel In Aarhus
Monday, 4 Dec 2017 06:12am EST 

Dec 4 (Reuters) - SCANDIC HOTELS GROUP AB ::SCANDIC TO TAKE OVER HOTEL THE MAYOR IN THE HEART OF AARHUS.‍PLANS TO TAKE OVER OPERATION OF MAYOR AS OF MARCH 1, 2018​.  Full Article

Scandic Hotels Q3 adjusted EBITDA SEK 622‍​ million, above forecast
Thursday, 26 Oct 2017 01:30am EDT 

Oct 26 (Reuters) - SCANDIC HOTELS GROUP AB :Q3 NET SALES INCREASED BY 11.1% TO 3,974 MSEK (3,577)​.Q3 ADJUSTED EBITDA TOTALED 622 MSEK (547)​.Q3 ADJUSTED. EBITDA SEK 622‍​ MILLION (REUTERS POLL SEK 605 MILLION).Q3 NET PROFIT SEK 377‍​ MILLION (REUTERS POLL SEK 338 MILLION).  Full Article

BRIEF-Scandic Hotels Group AB To Open Hotel In Voss

* SCANDIC HOTELS TO OPEN HOTEL IN THE FAST-GROWING MARKET OF VOSS, NORWAY