Scandic predicts lower earnings for the fourth quarter
(WorldNews Sweden)

-Deviation attributable to decreased earnings in the company`s Swedish operations and non-recurring costs for central functions. Scandic Hotels estimates that adjusted EBITDA for the fourth quarter 2017 will be around 330 MSEK. For the fourth quarter of 2016 adjusted EBITDA amounted to 392 MSEK adjusted for a one-off gain of 65 MSEK. The deviation is explained by lower earnings in the Swedish operations and one-time costs for central functions. Earnings development in Norway and Other Nordics...