Hotel chain Scandic Hotels increased net sales by 3.1 percent during the first quarter to SEK 4,689 million.
Operating profit also increased compared to the same period last year, from 194 million to 212 million.
"Scandic starts the year with a stable quarter where we continue to develop Scandic at a high pace," writes CEO Jens Mathiesen in the report.
According to the company, the booking situation looks good:
"We currently see no material effects on demand as a result of the geopolitical situation," he continues.
