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Hotel exterior - red stone building with a glas door entrence

Investor Relations

Financial calendar

Latest report

Pandox AB (publ) interim report January–September 2022

                             Liia Nôu, CEO, comments the third quarter 2022 


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 157 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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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.

Read more here

Key ratios, 30 September 2022


EPRA NRV per share, SEK


Loan-to-value, net


Liquid funds + unutilised credit facilities, MSEK

Key ratios, 2021


Revenue, MSEK


Net operating income, MSEK


Cash earnings, MSEK

Pandox’s business model is to actively own and lease hotel properties

Business model


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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The Midland Manchester


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Anders Berg
Senior Vice President and Head of Communications and IR
+46 760 95 19 40
Erik Ax Rabaeus
Director, Communications & IR
+46 70 713 77 06