A director at Scandic Hotels Group AB maiden bought 20,000 shares at 76.940SEK and the significance rating of the trade was 76/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last ...
Q1 tends to be seasonally weak, with Scandic Hotels’ results broadly in line with our expectations, translating into minor upward forecast changes. With solid pre-bookings ahead of the high season, we see continued RevPAR growth of 4–5% for 2025e driving FCF, allowing growth initiatives and shareholder-friendly capital allocation. Our EV/EBITDA valuation target of 8x would better mirror the quality of the franchise, in our view, and we reiterate our BUY and SEK115 target price.
Scandic Hotels ended 2024 on a strong note, with still-solid FCF generation in the seasonally slower Q4. Moreover, its CMD highlighted a new room-growth goal, adding to the supportive market outlook, and the record-strong financials allow for a more ambitious capital allocation policy (dividend and share buybacks). With its ‘financial muscle’ better utilised, we have updated our valuation base to an EV/EBITDA of 8x, on a par with the valuation when Hilton took it private in 2001. We reiterate ou...
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