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 157 hotel properties in 90 destinations in 15 countries, including some of the world’s largest hotel markets such as Germany and the UK.
Read moreFinancial calendar
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February 09, 2023 07:00 CET
Year-end report 2022Add to calendar
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March 10, 2023 10:00 CET
Publication of Annual Report (Swedish version)Add to calendar
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April 12, 2023 10:00 CEST
AGM 2023Add to calendar
Latest news
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February 01, 2023 17:10 CET
Pandox has today completed previously announced divestment of InterContinental Montreal
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January 26, 2023 10:00 CET
Invitation to presentation of Pandox’s year-end report January–December 2022
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November 15, 2022 12:00 CET
Pandox Hotel Market Day 2022: The future of work and what it means for hotels
Latest report
Pandox AB (publ) interim report January–September 2022
Investors
Pandox as an investment

Pandox Annual Report 2021
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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Key ratios, 30 September 2022
202.96
EPRA NRV per share, SEK
47.1%
Loan-to-value, net
4,511
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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