Read the latest CEO comments from the interim reports here.
Q1 2021: Attractive position in the recovery phase
The first quarter developed in line with Pandox’s expectations, following the same pattern as the previous quarter. Extensive restrictions in all of Pandox’s markets resulted in demand for hotel rooms remaining very low
Q4 2020: We are preparing for a brighter future
The hotel market weakened again in the fourth quarter due to increased virus transmission and new restrictions. Overall, Pandox’s total revenue and net operating income both decreased in the quarter by 53 percent respectively compared with the corresponding period the previous year