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.Summary of 2021
Here you can find Pandox's annual reports since the IPO in 2015.
Previous annual reports
Annual Report 2021
Annual Report 2020
2020 was a year like no other in the history of the hotel industry. The year was dominated by Covid-19 and the restrictions introduced to stop the spread of the virus, which had a clearly negative impact on demand in the hotel market.
Annual Report 2019
2019 was a year with a high business tempo in all areas with, among other things, several profitable acquisitions, a directed new share issue, extensive value-creating investments in existing portfolio and a good earnings development.
Annual Report 2017
Pandox maintained a high business tempo in 2017. In parallel with working with large
acquisitions, extensive investments and new leases, Pandox developed the existing portfolio.
Annual Report 2016
2016 was a high momentum business year, with good growth in earnings. The primary driving forces were a strong hotel market, a well-functioning strategy and an efficient organisation.