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Scandic The leading hotel company in the Nordics January - September 2021 STRONG RESULTS IN AN IMPROVED MARKET ● THIRD QUARTER IN SUMMARY Net sales rose by 79 percent to 3,734 MSEK ( 2,085 ) . Average occupancy more than doubled , amounting to 55.1 percent compared with 27.1 percent during the previous quarter . The occupancy rate in the corresponding quarter last year was 36 percent . Adjusted EBITDA totaled 709 MSEK ( 90 ) . The company's results were impacted positively by 132 MSEK of state aid received and the repayment of 44 MSEK related to over - consolidation from an insurance company . In addition , just over 150 MSEK of the profit is estimated to be attributable to temporary effects from Scandic's quarantine - related operations in Norway . Excluding the above - mentioned items , adjusted EBITDA amounted to approximately 380 MSEK , which corresponds to a margin of about 10 percent . Scandic's cash flow amounted to 547 MSEK and net debt decreased to 3,785 MSEK . Excluding IFRS 16 , earnings per share totaled 1.41 SEK ( -1.06 ) . Scandic and Jan Johansson agreed that he will continue as CFO until February 28 , 2022 . GROUP KEY RATIOS THE PERIOD IN SUMMARY Net sales grew by 3 percent to 6,303 MSEK ( 6,093 ) . Adjusted EBITDA totaled -430 MSEK ( -1,221 ) . Excluding IFRS 16 , earnings per share amounted to -6.40 SEK ( -39.29 ) . In March , Scandic carried out an offering of convertible bonds , raising 1,609 MSEK in gross proceeds . EVENTS AFTER THE REPORTING DATE On October 26 , Scandic announced that it had recruited Åsa Wirén as CFO . Åsa will start her new position in April 2022 at the latest . MSEK Finansiella nyckeltal Nettoomsättning Justerat EBITDA Justerad EBITDA - marginal , % EBIT ( Rörelseresultat ) Periodens resultat Periodens resultat , exkl . IFRS 16 Resultat per aktie , SEK Resultat per aktie , SEK , exkl . IFRS 16 Räntebärande nettoskuld ( exkl . konvertibelt lån ) Hotellrelaterade nyckeltal m RevPAR ( Genomsnittlig intäkt per tillgängligt rum ) , SEK ARR ( Genomsnittligt pris ) , SEK OCC ( Beläggningsgrad ) , % Antal rum vid periodens utgång Jul - sep 2021 3 734 709 19,0 649 173 303 0,85 1,41 3 875 540 980 55,1 53 994 16 Jul - sep 2020 2 085 90 4,3 19 -254 -203 -1,32 -1,06 3 426 323 896 36,1 53 159 Jan - sep 2021 6 303 -430 -6,8 -758 -1 659 -1 222 -8,68 -6,40 3 875 314 936 33,5 53 994 Jan - sep 2020 6 093 -1 221 -20,0 -4 423 -5 424 -5 277 -40,37 -39,29 3 426 298 971 30,6 53 159 Jan - dec 2020 7 470 -1 503 -20,1 -4 800 -5 951 -5 739 -40,03 -38,62 4714 271 945 28,7 53 003 Okt - sep 2020/2021 7 680 -712 -9,3 -1 134 -2 186 -1 685 -11,43 -8,81 284 918 30,9 53 994 THIS INFORMATION IS INFORMATION THAT SCANDIC HOTELS GROUP AB IS OBLIGED TO MAKE PUBLIC PURSUANT TO THE EU MARKET ABUSE REGULATION . THE INFORMATION WAS SUBMITTED FOR PUBLICATION THROUGH THE AGENCY OF THE CONTACT PERSON SET OUT ABOVE AT 07.30 CET ON OCTOBER 28 2021 .