(TOTAL MARKET OCCUPANCY)
(TOTAL MARKET OCCUPANCY)
Source: Benchmarking Alliance
(Y-O-Y CHANGE IN MARKET REVPAR)
(Y-O-Y CHANGE IN MARKET REVPAR)
(Y-O-Y CHANGE IN MARKET REVPAR)
(Y-O-Y CHANGE IN MARKET REVPAR)
Source: Benchmarking Alliance
Source: Benchmarking Alliance
Postponed rent payments
Cancelled dividend
Rescheduled capex
Project freeze
Non-rent cost base reduced by ~60% as of Q2
Temporary closed >50% of the hotels during the springStaff reduction of >80% including furloughNew credit facility of 1,150 MSEK and bridge financing of 250 MSEKTotal credit facility increased to 6,650 MSEK
Rights issue of ~1,765 MSEK
Negotiations with landlords have resulted in rent reductions of up to 900 MSEK
Agreed or offered rent rebates per year
MSEK 600
2020
2021
2022
2023-26
1. 196 MSEK recorded in 2020 of which 180 MSEK in Q4
Q1 2021
Scandic Arlandastad
Q1 2021
Q1 2021
Scandic by Copenhagen Airport Scandic Sortland
Q2 2021
Q2 2021
Q3 2021
Q4 2021
Q4 2021
Q1 2022
Scandic Grand Central Helsinki Scandic Landvetter Airport Scandic Nørreport Scandic Spectrum Scandic Hamburger Börs Scandic Macherei
Stockholm, Sweden Copenhagen, Denmark Sortland, Norway Helsinki, FinlandTake-over 150
New 357
Franchise 130
New 491
Gothenburg, Sweden New 223
Copenhagen, Denmark
New 100
Copenhagen, Denmark New 632
Turku, Finland
Take-over 272
Munich, Germany New 234
Q1 2022
Q1 2022
Q2 2022
Q2 2022
Q3 2022
Q1 2023
Q3 2024
Scandic Helsingborg Harbour Scandic Örebro Central Scandic Platinan Scandic Ferrum Scandic Avenue Scandic Hafenpark Scandic Aarhus Harbour
Helsingborg, Sweden New 184
Örebro, Sweden New 160
Gothenburg, Sweden New 451
Kiruna, Sweden Helsinki, Finland Frankfurt, Germany Aarhus, DenmarkNew 230
New New
350 505
New 485
Ongoing extensions 221
Exits -353
Q4 | YTD | |
Adjusted EBITDA | -282 | -1,503 |
Change in working capital | -843 | -221 |
Paid tax, interest, pre-opening and other items | -61 | -464 |
Cash flow from operations | -1 186 | -2 188 |
Investments in existing operations | -15 | -449 |
Free cash flow before expansion capex | -1,201 | -2,637 |
Expansion capex | -133 | -302 |
Free cash flow | -1,334 | -2,939 |
Net debt | 4,713 | |
Available liquidity at year-end | 1,900 | |
Available liquidity at present | 1,400 |
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Disclaimer
Scandic Hotels Group AB published this content on 17 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 February 2021 09:00:02 UTC.