Analyst Adela Dashian of Jefferies maintained a Hold rating on Scandic Hotels Group AB, with a price target of SEK95.00.
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Adela Dashian has given his Hold rating due to a combination of factors related to both earnings quality and market conditions. While Scandic delivered modest top-line growth roughly in line with expectations, profitability weakened as adjusted EBITDA declined and margins compressed, reflecting a more challenging backdrop than previously assumed.
The softness in the Finnish market, where demand and pricing remain subdued, together with elevated central costs tied to recent commercial initiatives, weighed on results and limited near-term upside. Although management signals improving occupancy, better room rates ahead, and a smoothly progressing Dalata integration, these positives are not yet sufficient to justify a more constructive stance, leading Dashian to maintain a neutral, Hold recommendation.
According to TipRanks, Dashian is a 4-star analyst with an average return of 7.0% and a 46.88% success rate. Dashian covers the Industrials sector, focusing on stocks such as Munters Group AB, AFRY AB Class B, and Tomra Systems ASA.