Scandic Hotels Group AB (FRA:10H)
€ 6.11 0.165 (2.78%) Market Cap: 1.33 Bil Enterprise Value: 5.11 Bil PE Ratio: 27.96 PB Ratio: 4.28 GF Score: 65/100

Q3 2023 Scandic Hotels Group AB Earnings Call Transcript

Oct 26, 2023 / 07:00AM GMT
Release Date Price: €3.03 (+1.95%)
Operator

Welcome to the Scandic Hotels Group Q3 2023 Report. (Operator Instructions)

Now, I will hand the conference over to the speakers, CEO, Jens Mathiesen and CFO, Asa Wiren. Please go ahead.

Jens Mathiesen;publ;President;CEO
Scandic Hotels Group AB

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Thank you very much, and good morning, everyone, and thank you for joining this presentation of Scandic's Third Quarter 2023.

As was just said, I'm Jens Mathiesen. I'm the CEO of Scandic and together with me, I have Asa Wiren, who is our CFO. And we will talk you through the quarters as always.

So let's jump straight into it and please turn to Page 2. You probably already saw the results, but I'm very proud to present a new record quarter that is another proof of how we have become a more efficient and profitable and even stronger Scandic. With the continued sharp focus on commercial excellence and efficiency we deliver an eventful quarter with all-time high net sales, stronger underlying results, new signings and high guest

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