Oct 30, 2024 / 08:00AM GMT
Jens Mathiesen - Scandic Hotels Group AB - President & CEO
And thank you for joining us for Scandic's Q3 presentation. My name is Jens Mathiesen, I'm the CEO of Scandic. And I will walk you through the quarter and all these recent announcements together with Par Christiansen, our CFO.
As you have seen, we have a lot to share with you today so let's dive in immediately on the highlights if you move to page two. All in all, we deliver a good quarter, despite 1.5% less available rooms than in the same period last year. Revenues were in line with last year's record quarter with a good result, excluding currency effects and there's available rooms on a like-for-like basis, we actually improved sales.
The overall demand was good. And our largest markets, Sweden and Norway performed well.
I also want to highlight that the performance in the quarter was impacted by a weak summer in Gothenburg, as well as a challenging market in Finland.
We expect the market in Gothenburg to normalize with attractive events next year and next summer, but it's more uncertain when the
Q3 2024 Scandic Hotels Group AB Earnings Call Transcript
Oct 30, 2024
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