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2016-02-23

Scandic Hotels Group AB: Scandic's year-end report 2015

Strong financial results for Scandic

Fourth quarter 2015 in summary

? RevPAR grew 3.5%. LFL, RevPAR increased 7.5% as a result of higher
occupancy and average room rates.

? Net sales increased by 1.1% to 3,084.7 MSEK (3,051.2). Adjusted
for exchange rate fluctuations, net sales rose 3.5%.

? Net sales LFL went up 6.3% mainly due to higher occupancy.
? Adjusted EBITDA rose to 331.6 MSEK (290.4), corresponding to a
margin of 10.7% (9.5%).

The margin improvement resulted from higher revenues LFL and
efficiency gains from the integration of the former Rica hotels.

? Earnings per share before and after dilution totaled 0.23 SEK
(-4.14).

? The Scandic share was listed on Nasdaq Stockholm's Nordic Mid Cap
list on December 2, 2015.

? In accordance with what was communicated earlier in the company's
prospectus, no dividend is proposed for the financial year 2015.

Period January - December in summary

? RevPAR went up 4.9%. LFL, RevPAR increased 7.5% by higher
occupancy and average room rates.

? Net sales increased by 12.6% to 12,192.7 MSEK (10,825.9).
? Net sales LFL grew 7.3% due to higher occupancy.
? Adjusted EBITDA increased to 1,246.4 MSEK (1,019.3) corresponding
to a margin of 10.2% (9.4%). The margin improvement was a result of
higher revenues LFL and efficiency gains from the integration of the
former Rica hotels.

? At the end of the year, there were 40,920 rooms in operation at
221 hotels, 188 of which have lease agreements.

? Earnings per share before and after dilution totaled 1.43 SEK
(-5.36).

? Net debt on the reporting date totaled 3,355.5 MSEK, corresponding
to 2.7x adjusted EBITDA.

Frank Fiskers, President & CEO comments
"2015 was a year of strong financial performance for Scandic, which
confirms the high momentum in the Group. RevPAR developed very
positively and LFL net sales was strong. In addition the efficiency
gains from the integration of the Rica hotels contributed to improved
margins."

"Today, Scandic is the Nordic region's largest hotel operator with a
popular offering, a well-invested hotel portfolio and a powerful
geographical network. Our existing hotels and pipeline of new hotels
under development is a solid foundation for growth going forward."

Telephone conference February 23, 2016 at 09.00 CET
A telephone conference is held at 09.00 CET today, February 23.
Scandic's President & CEO Frank Fiskers will present the report
together with CFO Gunilla Rudebjer in a webcast and telephone
conference.

Details for participation by telephone: +46 8 5664 2695 or +44 20 3008
9810

Please call in 5 minutes before the start.
The presentation will be held in English.
You can view the webcast at www.scandichotelsgroup.com. The year-end
report and presentation slides will also be available on the website.

Scandic Hotels Group (publ) is required to publish this information
under the Swedish Securities Market Act and/or Financial Instruments
Trading Act. The information was submitted for publication February
23, 2016 at 07:30 CET.

For further information, please contact:
Ann-Charlotte Johansson, VP Communications & IR
Email: ann-charlotte.johansson@scandichotels.com
Phone: +46 (0)72 180 22 44
www.scandichotelsgroup.com

About Scandic
Scandic is the largest hotel company in the Nordic region with an
network of almost 230 hotels with 41,000 rooms in seven countries and
run by 14,000 team members. Scandic Friends is the biggest loyalty
program in the Nordic hotel industry with 1.6 million members.
Responsibility is a part of Scandic's DNA and Scandic is the `best
hotel brand' in the Nordics (BDRC). Scandic has been listed on Nasdaq
Stockholm since December 2, 2015. www.scandichotelsgroup.com

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http://news.cision.com/scandic-hotels-group-ab/r/scandic-s-year-end-repo...
http://mb.cision.com/Main/13379/9921628/480497.pdf

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