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Marcus Hammarström has been appointed Head of Marketing at Scandic

Marcus Hammarström has been appointed Head of Marketing at Scandic
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Therese Cedercreutz has been appointed Board of Director at Scandic

Prior to Scandic Hotels Group AB s Annual General Meeting 2021, the Nomination Committee has proposed Therese Cedercreutz as a new member of the Board of Directors. The number of members on the Board will thus be increased to seven Board members elected by the annual general meeting and one employee representative. Since 2016, Therese Cedercreutz has been CEO and partner at Miltton Inc part of Miltton Group, one of Northern Europe s most reputable agencies within sustainability, communication, public affairs and marketing. She has extensive board experience, a significant network in the Finnish business community and has through board work and management consulting successfully advised companies on integrating a holistic view of sustainability as an integral part of a business model and strategy.

Scandic s Interim Report Q1 2021 – Well Prepared For A Recovery

Scandic’s Interim Report Q1 2021 – Well Prepared For A Recovery share this article Net sales decreased by 72 percent to 930 MSEK (3,343). Average occupancy dropped to 17.5 percent during the quarter. Levels of activity were particularly low in the larger cities. In all countries, continued restrictions from authorities to reduce the spread of the coronavirus had a strong negative effect on the hotel market. Adjusted EBITDA was -775 MSEK (-174). Results for the quarter were impacted positively by state aid of 247 MSEK and rent discounts of approximately 143 MSEK. Excluding IFRS 16, earnings per share amounted to -4.90 SEK (-37.63). On March 26, Scandic carried out an offering of convertible bonds, which raised 1,609 MSEK in gross proceeds.

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