Scandic Hotels ‘Stronger Than Ever’ With $50m Profit in Third Quarter
Photo Credit: A design for a Scandic hotel to open in 2024 in Aarhus, Denmark’s second largest city. Swedish chain Scandic Hotels has seen growth lately. Scandic Hotels
Scandic Hotels Group has posted its third-quarter results today, with a $49.9 million net profit (559 Swedish krona) and a level of indebtedness that continues to shrink.
"We have delivered another record-breaking quarter and Scandic is standing stronger than ever. Scandic is continuing to make progress in increasing growth and has gradually become a more efficient and profitable company," said president and CEO Jens Mathiesen.
Scandic operates 55,969 rooms across 269 hotels in the Nordics and wi
