(Changes typo in paragraph ten)
STOCKHOLM (AFX) With the visibility that Scandic has for the next three to six months as the company does not see before him a weakening of the market. Hotels Company eyes including booking situation closely and the rest of the year looks to offer a good demand.
It says CEO Frank Fisker News Agency immediately after the interim report and adds that the company therefore can repeat the message of a positive outlook for full year in 2016.
in the first half, two of the five newly opened hotel has been Haymarket and Continental in Stockholm. Frank Fisker calls these “large and prominent” Hotels and highlights that these have got starter that he had not experienced during his approximately 30 years in the industry.
“It has been knökfullt since we opened the doors,” says he with the addition that it also was a good move at restaurants.
in 2017, Scandic open two new “big plays”, and Scandic Plaza with 450 rooms in downtown Stockholm, as well as a hotel with 300 rooms at the airport Bergen, Norway.
the company has great expectations of Sergel Plaza which has been one of the group’s most popular hotel, and is now in “entirely new form.” There will be “surprising moments” as published in the second half, he said.
Scandic also the opening of four large hotel in 2018 in the plan.
“In addition, we an unsigned pipeline for the next two years, “he says, adding that it could publications on this front before the end of the year.
he further says that the company is pleased with the improvement in earnings both in the second quarter and in the first half. Adjusted EBITDA increased by 31 percent from the second quarter of 2015 and by 20 per cent against the first half of 2015. Easter was this year in the first quarter against the second quarter of 2015.
“Around Easter effect applies the to look at it over a longer period, we make a strong first half, “he says.
Around the strong earnings performance indicates he three things; an overall good and strong demand, the company commercial strategies are working well and that the acquired Rica The hotels continue to generate positive effects.
On the Norwegian hotel market has been a headwind of oil destinations but where Scandic has in recent months seen “some stabilization.” Furthermore, Scandic has gained market share in the oil destinations after which the decline is not at all “been so strong” that other actors, he said.
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