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Scandic Posts 24% EPS Lift After Dalata Acquisition
financeSkift··1 min·For: Owner, Investor, Revenue, GM

Scandic Posts 24% EPS Lift After Dalata Acquisition

Scandic's €500 million acquisition of Dalata delivered an immediate 24% boost to pro forma earnings per share in its first post-deal report. The deal expands Scandic's footprint into Ireland and the UK with Dalata's high-performing, 80% occupancy portfolio.

Key Takeaways

  1. 1Scandic completed the €500 million acquisition of Dalata's 57 UK and Ireland hotels.
  2. 2Pro forma EPS rose 24% to SEK 6.65, driven by Dalata's 80% average occupancy rates.
  3. 3Combined 12-month pro forma revenue reached SEK 30.4 billion with an 11% EBITDA margin.

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Source: Skift

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