Scandic Hotels Posts Stable Q1 2026 and Expands Scandic Go in Norway

Scandic Hotels Group AB ( (SE:SHOT) ) has shared an update.

Scandic Hotels Group reported a stable first quarter of 2026, with net sales up 3.1 percent to SEK 4,689 million and organic growth of 4.7 percent. Occupancy, RevPAR and operating profit all improved slightly, while earnings per share excluding IFRS 16 remained negative and free cash flow, though still weak, improved compared with the prior year.

The group continued to strengthen its balance sheet with very low leverage and maintained a solid booking situation, supported by a modest increase in its room base. Strategically, Scandic advanced its sustainability agenda with SBTi-validated climate targets and accelerated the rollout of its Scandic Go economy concept in Norway, underpinning its market position and long-term growth ambitions.

The most recent analyst rating on (SE:SHOT) stock is a Buy with a SEK96.00 price target. To see the full list of analyst forecasts on Scandic Hotels Group AB stock, see the SE:SHOT Stock Forecast page.

More about Scandic Hotels Group AB

Scandic Hotels Group AB operates in the hospitality industry as a leading hotel chain in the Nordic region. The company focuses on midscale and economy hotels, offering lodging services under the Scandic and Scandic Go brands, and is expanding its presence in key Norwegian cities such as Oslo, Tromsø and Stavanger.

Average Trading Volume: 444,302

Technical Sentiment Signal: Buy

Current Market Cap: SEK20.76B

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