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Scandic Hotels Group AB (SHOTE.ST)

SHOTE.ST on Stockholm Stock Exchange

89.40SEK
22 Feb 2018
Change (% chg)

-3.90kr (-4.18%)
Prev Close
93.30kr
Open
93.20kr
Day's High
93.20kr
Day's Low
88.95kr
Volume
616,276
Avg. Vol
366,980
52-wk High
119.30kr
52-wk Low
78.25kr

Latest Key Developments (Source: Significant Developments)

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

Scandic Hotels signs agreement with LocalTapiola
Wednesday, 18 Oct 2017 07:15am EDT 

Oct 18 (Reuters) - SCANDIC HOTELS GROUP AB ::SCANDIC HOTELS SIGNS AGREEMENT WITH LOCALTAPIOLA TO OPERATE HOTEL IN ICONIC HAMBURGER BÖRS IN TURKU.‍SCANDIC EXPECTS TO GAIN ACCESS TO BUILDING BEGINNING OF 2021​.‍HOTEL IS SCHEDULED TO RE-OPEN AT BEGINNING OF 2021​.  Full Article

Scandic Hotels Group: divestment of Scandic Vierumäki in Finland
Friday, 29 Sep 2017 08:40am EDT 

Sept 29 (Reuters) - SCANDIC HOTELS GROUP AB ::DIVESTMENT OF SCANDIC VIERUMÄKI IN FINLAND.‍CAPITAL GAIN TO AFFECT Q3 RESULTS POSITIVELY BY AROUND 17 MSEK​.‍HAS ON SEPT. 29 SIGNED AN AGREEMENT TO DIVEST HOTEL OPERATION AT SCANDIC VIERUMÄKI IN FINLAND.  Full Article

Finnish watchdog to start further proceedings of Scandic Hotel Group's proposed acquisition of Restel's hotel operations
Thursday, 24 Aug 2017 02:40am EDT 

Aug 24 (Reuters) - SCANDIC HOTELS GROUP AB ::FURTHER PROCEEDINGS OF THE PROPOSED ACQUISITION OF RESTEL'S HOTEL BUSINESS.‍FINNISH COMPETITION AUTHORITY TO INITIATE FURTHER PROCEEDINGS OF SCANDIC HOTEL GROUP'S PROPOSED ACQUISITION OF RESTEL'S HOTEL OPERATIONS IN FINLAND​.  Full Article

BRIEF-Scandic Hotels Group ‍Q4 Adjusted EBITDA Falls To SEK 333 Million

* ‍FOR 2017, BOARD OF DIRECTORS PROPOSES A DIVIDEND OF 3.40 SEK (3.15) PER SHARE​