- Scandic’s first-quarter net sales reached SEK 4.55 billion, slightly below the estimate of SEK 4.63 billion.
- The company’s adjusted Ebitda for the quarter was SEK 101 million.
- Occupancy rate stood at 55.1% during this period.
- Revenue per available room (RevPAR) was reported at SEK 655.
- Operating profit amounted to SEK 194 million in the first quarter.
- Despite geopolitical challenges, the demand for spring and summer is expected to be strong, driven by stable travel and tourism levels along with a robust event calendar.
- Scandic forecasts a favorable second quarter based on current booking data.
- Analyst recommendations include 3 buys, 3 holds, and 1 sell.
A look at Scandic Hotels Group Ab Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Scandic Hotels Group Ab, a prominent player in the hotel industry, seems to have a promising long-term outlook according to the Smartkarma Smart Scores analysis. With a solid Growth score of 4 and a Momentum score of 4, the company appears to be positioned for expansion and positive market performance. This suggests that Scandic Hotels Group Ab has great potential for growth in the coming years.
While the Dividend score is rated at 1 and the Value at 2, indicating weaker performance in these areas, the company’s Resilience score of 3 implies a moderate ability to withstand economic challenges. Overall, Scandic Hotels Group Ab‘s outlook seems positive, especially in terms of growth and momentum, which could make it an attractive investment opportunity in the hotel industry.
Summary: Scandic Hotels Group AB is a hotel chain that offers a range of services including accommodation, dining, spa, and conference facilities in the Nordic region.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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