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Tag / financial report

Strong growth and improved profitability characterized 2014 for Scandic Hotels

Press releases   •   Mar 16, 2015 06:30 GMT

2014 was characterized by strong growth in revenue mainly as a result of the acquisition of the Nordic hotel chain, Rica Hotels, which added 10,600 hotel rooms and 71 hotels. At the same time, the good organic growth of 10.0% in the hotel portfolio confirms that the Group’s investments in its portfolio and customer offering yielded the desired results.