Report
Fehmi Ben Naamane

Scandic Hotels : Risque d’un newsflow négatif à venir ; Alléger et OC ajusté à 21 SEK

>Des résultats T3 2020 mauvais malgré une amélioration séquentielle - Avec des revenus en baisse de 60% yoy et un EBITDA ajusté négatif à -281 MSEK (i.e. en excluant l’aide de l’Etat), Scandic fait mieux que la performance opérationnelle enregistrée au T2 (revenus en baisse de 86% et EBITDA négatif à -1 138 MSEK), étant donné que la quasi-totalité du réseau est opérationnelle et que juillet/août ont été relativement bons du fait de l’assouplissement des restrictions l...
Underlying
Scandic Hotels Group

Scandic Hotels Group AB is a Sweden-based company engaged, along with its subsidiaries, in the operation of hotels. The Company's main market in which the Group operates in: Sweden, which includes Swedish hotels that are operated under the Scandic brand; Norway, which includes Norwegian hotels that are operated under the Scandic brand, and Other Nordic countries & segments include hotel operation in Belgium, Denmark, Finland, the Netherlands, Poland and Germany, as well as the hotel concept HTL, which is operated by the sub-group HTL Hotels. The Company operates a network of approximately 224 hotels and almost 42,000 hotel rooms in seven countries. Scandic Hotels Group AB is a wholly owned subsidiary of Sunstorm Holding AB.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Fehmi Ben Naamane

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