- (PLX AI) - Scandic shares rose 9% in early trading after the company said yesterday after hours it expected Q2 revenue of SEK 5.2-5.4 billion.
- • Consensus was for revenue of only SEK 3.9 billion
- • The hotel market has been especially strong during the first two months of the quarter and Scandic expects similar market development in June
- • Demand is back to pre-Covid levels, while prices are at historical highs in Sweden and Norway, SEB said
- • The beat is significant and the recovery has come faster than anticipated: SEB
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