Scandic’s half-yearly report 2013
During the first half of the year, revenue increased by 1.1% to EUR 448.6 (443.6) million. Net operating profit (EBITDA) came in at EUR 27.6 (32.6) million, giving a profit margin of 6.2% (7.4%). Extensive refurbishment work has led to reduced capacity, which has had an impact on revenue and profits. Scandic opened three new hotels with a total of 659 new rooms.