Scandic Hotels Q1 Sales In-Line, EBITDA +6%

Scandic Hotels posted Q1 net sales of SEK 4,689 million, up 3.1% YoY and 4.7% organically, meeting expectations.
Adjusted EBITDA rose to SEK 105 million, a 6% beat over consensus, with margin steady at 2.2%.
Occupancy improved to 55.8% and RevPAR increased 1.5% YoY to SEK 665, despite weak Finland performance and higher energy costs.
Dalata integration added SEK 56 million revenue and SEK 50 million EBITDA; restructuring slated for completion in H2 2026.