Oct 28, 2021 / 07:00AM GMT
Operator
Hello, and welcome to the Scandic Hotels Group Audiocast Teleconference Q3 2021. Today, I'm pleased to present Jens Mathiesen, President and CEO; and Jan Johansson, CFO. (Operator Instructions) Please note that this call is being recorded. Speakers, please begin your meeting.
Jens Mathiesen - Scandic Hotels Group AB(publ)-President&CEO
Thank you so much, operator, and good morning, everyone. This is Jens speaking. And thank you for joining this presentation of Scandic's third quarter report. As I'm sure you all probably recall, we did a pre-announcement in October 15, where we disclosed adjusted EBITDA and also commented on the cash flow development for the quarter as the outcome was significantly ahead of the market expectations.
Our adjusted EBITDA came in at SEK 709 million for the third quarter, while cash flow exceeded SEK 0.5 billion. So results did include stay date and some temporary effects from our quarantine business in Norway. But even when we adjust for these items, the underlying
Q3 2021 Scandic Hotels Group AB Earnings Call Transcript
Oct 28, 2021
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