Edition:
India

Scandic Hotels Group AB (SHOTE.ST)

SHOTE.ST on Stockholm Stock Exchange

85.90SEK
19 Jan 2018
Change (% chg)

-0.20kr (-0.23%)
Prev Close
86.10kr
Open
86.20kr
Day's High
87.00kr
Day's Low
84.60kr
Volume
1,066,237
Avg. Vol
268,452
52-wk High
119.30kr
52-wk Low
75.25kr

Latest Key Developments (Source: Significant Developments)

Scandic Predicts Lower Earnings For Q4
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Scandic Hotels Group Ab ::SCANDIC PREDICTS LOWER EARNINGS FOR THE FOURTH QUARTER.ESTIMATES THAT ADJUSTED EBITDA FOR Q4 2017 WILL BE AROUND 330 MSEK​.‍FOR Q4 OF 2016 ADJUSTED EBITDA AMOUNTED TO 392 MSEK ADJUSTED FOR A ONE-OFF GAIN OF 65 MSEK.​.‍DEVIATION IS EXPLAINED BY LOWER EARNINGS IN SWEDISH OPERATIONS AND ONE-TIME COSTS FOR CENTRAL FUNCTIONS​.‍ADJUSTED EBITDA FOR SCANDIC HOTELS' CENTRAL FUNCTIONS IS ESTIMATED TO AMOUNT TO APPROXIMATELY -140 MSEK FOR Q4​.  Full Article

Scandic Hotels Opens Hotel In Frankfurt
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Scandic Hotels Group Ab ::SCANDIC HOTELS TO OPEN ONE OF FRANKFURT'S LARGEST CONFERENCE HOTELS.‍ SIGNED LONG-TERM LEASE AGREEMENT WITH DEVELOPER B&L GROUP.‍HAS SIGNED A LONG-TERM LEASE AGREEMENT REGARDING OPERATION OF A NEW HOTEL IN FRANKFURT.​.  Full Article

Scandic Hotels Group: Finnish Authority Approves Restel Acquisition
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Scandic Hotels Group Ab ::THE FINNISH COMPETITION AND CONSUMER AUTHORITY APPROVES SCANDIC HOTELS' ACQUISITION OF RESTEL, SUBJECT TO CONDITIONS.‍IT IS EXPECTED THAT ACQUISITION WILL CLOSE BEFORE END OF YEAR.​.  Full Article

Scandic To Take Over Hotel In Aarhus
Monday, 4 Dec 2017 

Dec 4 (Reuters) - SCANDIC HOTELS GROUP AB ::SCANDIC TO TAKE OVER HOTEL THE MAYOR IN THE HEART OF AARHUS.‍PLANS TO TAKE OVER OPERATION OF MAYOR AS OF MARCH 1, 2018​.  Full Article

Scandic Hotels Q3 adjusted EBITDA SEK 622‍​ million, above forecast
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - SCANDIC HOTELS GROUP AB :Q3 NET SALES INCREASED BY 11.1% TO 3,974 MSEK (3,577)​.Q3 ADJUSTED EBITDA TOTALED 622 MSEK (547)​.Q3 ADJUSTED. EBITDA SEK 622‍​ MILLION (REUTERS POLL SEK 605 MILLION).Q3 NET PROFIT SEK 377‍​ MILLION (REUTERS POLL SEK 338 MILLION).  Full Article

Scandic Hotels signs agreement with LocalTapiola
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - SCANDIC HOTELS GROUP AB ::SCANDIC HOTELS SIGNS AGREEMENT WITH LOCALTAPIOLA TO OPERATE HOTEL IN ICONIC HAMBURGER BÖRS IN TURKU.‍SCANDIC EXPECTS TO GAIN ACCESS TO BUILDING BEGINNING OF 2021​.‍HOTEL IS SCHEDULED TO RE-OPEN AT BEGINNING OF 2021​.  Full Article

EQT places 15.6 mln Scandic Hotels shares at SEK 69.50/shr
Thursday, 1 Sep 2016 

EQT : Sunstorm Holding AB, controlled by EQT V Ltd and Accent Equity 2003, in each case through companies, ("Sunstorm"), has sold in total 15.6 million shares in Scandic Hotels Group AB ("Scandic") through an accelerated bookbuilding process to Swedish and international institutional investors at a price of SEK 69.5 per share (the "Placement"). For the original story click here: http://mb.cision.com/Main/87/2069433/556108.pdf Further company coverage: [INVEb.ST] (Stockholm Newsroom) ((stockholm.newsroom@thomsonreuters.com; +46 (0)8-700 10 10;)).  Full Article

Scandic Hotels main owner Sunstorm seeks to sell around 15.5 mln shares
Wednesday, 31 Aug 2016 

Scandic Hotels Group AB : Main owner Sunstorm announces placement of shares in Scandic Hotels . Sunstorm, controlled by EQT and Accent equity 2003, to explore selling approx. 15.5 million shares . Sunstorm currently holds 57,653,964 shares, corresponding to 55.98% of total number of shares and votes, in Scandic Hotels . Skandinaviska Enskilda Banken AB and ABG Sundal Collier are acting as joint bookrunners in connection with placement Further company coverage: [SHOTE.ST] (Stockholm Newsroom) ((stockholm.newsroom@thomsonreuters.com; +46 (0)8-700 10 10;)).  Full Article

Scandic Hotels Q2 adjusted EBITDA up at SEK 470 million
Tuesday, 16 Aug 2016 

Scandic Hotels Group AB : Q2 net sales 3.45 billion Swedish crowns ($408.88 million) versus 3.17 billion crowns year ago . Q2 adjusted EBITDA up by 31.3 pct to 470 million crowns .Continues to take positive view that market demand will remain favorable during rest of year.  Full Article

Scandic signs deal with Transcom for Nordic call center
Monday, 11 Jul 2016 

Scandic Hotels Group Ab : Scandic signs agreement with Transcom for Nordic call center . Scandic signs agreement with Transcom for Nordic call center .3-Year agreement covers sales services as well as customer and member services in local languages in nordics.  Full Article

BRIEF-‍Stena Sessan Increases Stake in Scandic Hotels

* ‍STENA SESSAN INCREASES STAKE TO 15.1 PERCENT OF SHARES - REGULATORY FILING​ Source text for Eikon: Further company coverage: (Reporting by Stockholm Newsroom)