Scandic Hotels Group AB
SHOT
ISIN SE0007640156 / Valor 30474722
Scandic Hotels Group AB
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About company
Scandic Hotels Group AB is the largest hotel operator in the Nordic region, managing a network of approximately 280 hotels with 58,000 rooms across six countries. The company offers a range of hospitality services, catering to both business and leisure travelers. Scandic's portfolio includes a variety of hotel types, from budget to upscale accommodations, ensuring a broad market appeal. The company also operates Scandic Friends, the largest loyalty program in the Nordic hotel sector, aimed at enhancing customer retention and engagement. Listed on Nasdaq Stockholm since December 2015, Scandic continues to expand its footprint in the hospitality industry through both operational hotels and new developments.
Summarized from source with an LLMView SourceSector: Consumer ServicesLatest Results (15.10.2025):
Scandic Hotels Group AB delivered a strong fourth quarter in 2024, showcasing increased net sales, higher occupancy rates, and improved profitability. The company maintained stable bookings and reinforced its commitment to shareholder returns through dividends and a share buyback program. Strategic initiatives and expansions further position Scandic for continued growth in the competitive hotel industry.
Net Sales and Growth
In Q4 2024, Scandic reported net sales of 5,487 million SEK, marking a 1.4% increase compared to the previous year. Organic growth also saw a rise of 1.5%, reflecting the company's effective strategies in expanding its revenue base.
Occupancy and Revenue Per Room
The average occupancy rate improved to 59.6%, up from 57.9% in the same period last year. Additionally, the average revenue per available room (RevPAR) increased to 762 SEK, indicating enhanced revenue management and higher room rates.
Enhanced Profitability
Operating profit for the fourth quarter reached 626 million SEK, a significant rise from 502 million SEK in Q4 2023. Adjusted EBITDA also grew to 544 million SEK, up from 451 million SEK, underscoring strong operational performance.
Shareholder Returns
Scandic announced a proposed dividend of 2.60 SEK per share and initiated a share buyback program of approximately 300 million SEK. These measures demonstrate the company's commitment to returning capital to its shareholders.
Strategic Growth Initiatives
The company entered into strategic partnerships, launched new hotel projects, and invested in technological advancements such as the Oracle OPERA Cloud and a new workforce management platform. These initiatives are aimed at enhancing guest experience, increasing operational efficiency, and supporting future expansion.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1903 M
Market cap (USD)
664,030
Daily traded volume (Shares)
68.65 / 67.7
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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