2021 was a year with many faces. Covid-19 and government restrictions had a very negative impact on the first part of the year. In the later part of the year there was strong recovery in the hotel market thanks to vaccination programmes, eased restrictions and pent-up travel demand among both leisure and business travellers.
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Financial calendar
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June 08, 2022 08:00 CEST
Handelsbanken Nordic Mid/Small Cap Seminar 2022Add to calendar
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June 16, 2022 08:00 CEST
Morgan Stanley Property ConferenceAdd to calendar
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July 15, 2022 07:00 CEST
Interim report January-June 2022Add to calendar
Latest news
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April 27, 2022 07:00 CEST | Regulatory
Pandox AB (publ) interim report January–March 2022
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April 13, 2022 09:30 CEST
Invitation to presentation of Pandox’s interim report January–March 2022
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April 12, 2022 11:50 CEST | Regulatory
Press release from the annual shareholders’ meeting in Pandox Aktiebolag (publ) on 12 April 2022
Latest report
Pandox AB (publ) interim report January–March 2022
See CEO Liia Nõu comment the first quarter 2022.
Pandox Annual Report 2021
Investors
Pandox as an investment
Pandox owns hotel properties which are leased to strong hotel operators. Pandox is active across the hotel value-chain and also operates hotels when appropriate. Pandox has a strong pan-European position with 156 hotel properties in 90 destinations in 15 countries, including some of the world’s largest hotel markets such as Germany and the UK.
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Key ratios, 31 March 2022
178.31
EPRA NRV per share, SEK
49.1%
Loan-to-value, net
3,548
Liquid funds + unutilised credit facilities, MSEK
Key ratios, 2021
3,273
Revenue, MSEK
2,005
Net operating income, MSEK
712
Cash earnings, MSEK
Pandox’s business model is to actively own and lease hotel properties
Business modelInvestors
Strong position in a dynamic market
Pandox’s home market is a densely populated area that is home to nearly 200 million people. It extends from Harstad, in the north to Vienna in the south and is one of the world’s economically strongest and most dynamic regions. By combining different markets, types of demand and brands, Pandox can balance out fluctuations in individual markets. This increases resilience and reduces risk.
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