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  • Pandox AB
    Vasagatan 11, 9th floor, Stockholm, Sweden
    +46 8 506 205 50
    http://www.pandox.com
  • Anders Berg

    Head of Communications & IR


    +46 760 95 19 40
  • Erik Ax

    Communications & IR Manager


    +46 70 713 77 06
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    Pandox AB (publ) appoints Mikael Hultqvist as new SVP Property Management

    Pandox AB (publ) has appointed Mikael Hultqvist as new SVP Property Management, with overall responsibility for property management and property development. He will join Pandox's group management team and will start his position no later than June 2025. Mikael Hultqvist has extensive and solid experience from senior roles within the construction and real estate sectors. Most recently, he held the position as CEO of Serneke Sverige and prior to that, he spent 14 years at Peab in various management positions. “I am very pleased that we have recruited Mikael to Pandox. Profitable

    Pandox Hotel Market Day 2024: A New Dawn - The European Hotel Market in a Changing World

    Pandox is holding its annual Hotel Market Day today. The theme is "A New Dawn - The European Hotel Market in a Changing World", focusing on how geopolitics, economic shifts and changing consumer behaviour affect the European hotel industry.  "At this year's Hotel Market Day, we will deepen the analysis of the geopolitical shifts that are taking place in the world and how they affect the hotel industry in Europe. I look forward to a fun and inspiring day with good speakers, interesting discussions and new insights," says Liia Nõu, CEO of Pandox.   This year's Hotel Market Day is

    Pandox enters into an agreement to acquire Radisson Blu Hotel Tromsø

    Pandox AB (publ) has entered into an agreement to acquire Radisson Blu Hotel Tromsø in Norway. The hotel has 269 rooms with a strong central location in the city. The hotel is leased to Radisson Blu under a revenue-based lease agreement with a minimum guaranteed level and is performing well. The total transaction value amounts to approximately MNOK 750 and is financed by available cash funds and a new bank loan. The closing is planned to take place in the first quarter of 2025.   “We are very happy to acquire Radisson Blu Hotel Tromsø. Northern Norway is an exciting region and Tromsø

    Pandox AB (publ) interim report January–September 2024

    High business tempo and good growth   July–September 2024 · Revenues for Leases amounted to MSEK 1,069 (1,040). For comparable units in fixed currency, the increase was 2 percent · Revenues for Own Operations amounted to MSEK 804 (844) MSEK. For comparable units in fixed currency, the increase was 9 percent · Net operating income for Leases amounted to MSEK 933 (920). For comparable units in fixed currency, the increase was 1 percent · Net operating income for Own Operations amounted to MSEK 226 (222). For comparable units in fixed currency, the increase was 15 percent

    Invitation to presentation of Pandox’s interim report January–September 2024

    Pandox AB (publ) publishes the interim report for the period January–September 2024 on 24 October 2024, at 07:00 CEST, followed by a webcasted telephone conference at 08:30 CEST.   Afterwards, a proprietary presentation on the international hotel market, separate from Pandox’s earnings presentation, will be held by Thomas Emanuel, Senior Director at STR International. Teleconference If you wish to participate via teleconference, please register via the following link: https://conference.financialhearings.com/teleconference/?id=50048984. After registration you will be provided

    Pandox has completed previously announced acquisition of DoubleTree by Hilton Edinburgh City Centre

    The hotel property will be reported in the business segment Own Operations. The total transaction value amounts to approximately MGBP 49.   For more information about the transaction, please see the press release from 4 September 2024 when the acquisition was announced. FOR MORE INFORMATION, PLEASE CONTACT: Liia Nõu, CEO, +46 (8) 506 205 50 Anneli Lindblom, CFO, +46 (0) 765 93 84 00 Anders Berg, SVP Head of Communications and IR, +46 (0) 760 95 19 40   The information was submitted for publication, through the agency of the contact persons set out above, at 14:15

    Increase in number of shares and votes in Pandox

    Pandox Aktiebolag (publ) (“Pandox”) announces that Pandox’s registered number of shares, votes and share capital has increased through the directed share issue of 10,753,001 class B shares, corresponding to 10,753,001 votes, which was announced in September 2024. As of 30 September 2024, the total number of registered shares in Pandox is 194,603,000, distributed between 75,000,000 class A shares and 119,603,000 class B shares. Accordingly, the number of votes in Pandox as of 30 September 2024 amounts to 344,603,000, distributed between 225,000,000 votes on the basis of class A shares and

    Pandox completes a directed share issue of approximately 10.75 million B-shares, raising proceeds of SEK 2 billion

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, THE UNITED KINGDOM, AUSTRALIA, CANADA, HONG KONG, ISRAEL, JAPAN, NEW ZEALAND, SOUTH AFRICA, SWITZERLAND OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.Pandox Aktiebolag (publ) (“Pandox” or the “Company”) has, based on the authorisation granted by the annual general meeting on 10 April 2024 and in accordance with what the Company indicated in a press release earlier today,

    Pandox evaluates the conditions to carry out a directed share issue

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, THE UNITED KINGDOM, AUSTRALIA, CANADA, HONG KONG, ISRAEL, JAPAN, NEW ZEALAND, SOUTH AFRICA, SWITZERLAND OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.Pandox Aktiebolag (publ) (the “Company” or “Pandox”) has mandated ABG Sundal Collier, DNB Markets, Handelsbanken and Skandinaviska Enskilda Banken (together the “Joint Bookrunners”) to evaluate the conditions to carry out a

    Pandox Aktiebolag (publ) nomination committee for the AGM 2025

    In accordance with the decision at Pandox’s annual general meeting in 2024, Pandox’s nomination committee for the annual general meeting 2025 shall consist of members appointed by the four, per 31 July 2024 by votes, largest shareholders according to the shareholders’ register held by Euroclear Sweden, and the chairman of the board. The chairman of the board shall also summon the first meeting of the nomination committee. If a shareholder, who is entitled to appoint a representative to the nomination committee, abstains from appointing a representative, the right to appoint a representative

    Pandox acquires a hotel in Edinburgh for MGBP 49

    Pandox AB (publ) has entered into an agreement to acquire DoubleTree by Hilton Edinburgh City Centre in central Edinburgh, UK. The hotel will be operated under a management agreement with Axiom Hospitality. The total transaction value amounts to approximately MGBP 49 and is expected to be financed by available cash funds and a new bank loan.“DoubleTree by Hilton Edinburgh City Centre is a nice addition to our hotel property portfolio. The hotel is performing well with potential to further develop the hotel product and increase the return over time. The cooperation with Axiom Hospitality,

    Pandox has acquired three aparthotels in central London for MGBP 230

    Pandox AB (publ) has completed the acquisition of three aparthotels with a total of 503 rooms in central London. Total transaction value amounts to approximately MGBP 230. Initially, the hotels are expected to contribute approximately MGBP 34 in revenues and approximately MGBP 17 in net operating income, on an annualised basis. The hotels are branded Residence Inn by Marriott and are operated by Axiom Hospitality under a management agreement. The acquisition is financed by available cash funds and a new green bank loan.   “We are happy to have acquired three well-positioned freehold

    Save the date - Pandox Hotel Market Day 2024

    Pandox is holding its annual Hotel Market Day on 19 November 2024 at the Hilton Stockholm Slussen.  The theme is ‘A New Dawn - Hotels in a Changing World’, where we bring together industry experts and decision makers to explore the future of the hotel industry in a time of great change. We look forward to a day filled with insightful discussions on how geopolitics, economic shifts and changing demand are affecting the hotel industry. The event will take place both physically and digitally and will be webcasted live with start from 13:00 CET. Pandox introduced the Hotel Market Day in

    Pandox AB (publ) is evaluating the possibilities for acquisition of a hotel portfolio in London

    Following questions from the media, Pandox confirms that the company has entered a negotiating phase concerning the possibilities for acquisition of a hotel portfolio in London, UK, with a corresponding value of approximately MSEK 3,000. Pandox would like to emphasise that current negotiations may not necessarily lead to an agreement, and that it is not certain that the transaction will be successfully concluded. Our business model is integrated and sustainable and is based on property management, property development and continuous optimisation of the portfolio, which together

    Pandox AB (publ) interim report January–June 2024

    Profitable growth and strong cash flow April–June 2024 · Revenues for Leases amounted to MSEK 1,009 (942). For comparable units in fixed currency, the increase was 3 percent · Revenues for Own Operations amounted to MSEK 857 (832) MSEK. For comparable units in fixed currency, the increase was 10 percent · Net operating income for Leases amounted to MSEK 869 (806). For comparable units in fixed currency, the increase was 4 percent · Net operating income for Own Operations amounted to MSEK 256 (219). For comparable units in fixed currency, the increase was 20 percent

    Invitation to presentation of Pandox’s interim report January–June 2024

    Pandox AB (publ) publishes the interim report for the period January–June 2024 on 12 July 2024, at 07:00 CEST, followed by a webcasted telephone conference at 08:30 CEST.Afterwards, a proprietary presentation on the international hotel market, separate from Pandox’s earnings presentation, will be held by Alex Robinson, Director, Industry Partners at STR International. Teleconference If you wish to participate via teleconference, please register via the following link: https://conference.financialhearings.com/teleconference/?id=5002587. After registration you will be provided phone

    Pandox AB (publ) year-end report January–March 2024

    Promising start to the year   January–March 2024 · Revenues for Leases amounted to MSEK 845 (780). For comparable units in fixed currency, the increase was 2 percent · Revenues for Own Operations amounted to MSEK 656 (573) MSEK. For comparable units in fixed currency, the increase was 6 percent · Net operating income for Leases amounted to MSEK 694 (662). For comparable units in fixed currency, the increase was 2 percent · Net operating income for Own Operations amounted to MSEK 91 (52). For comparable units in fixed currency, the increase was 22 percent

    Pandox has completed previously announced divestment of DoubleTree by Hilton Montreal

    The sale includes both the hotel property and hotel operations with a transaction price of approximately MCAD 80.   For more information about the transaction, please see the press release from 26 February 2024 when the divestment was announced. FOR MORE INFORMATION, PLEASE CONTACT: Liia Nõu, CEO, +46 (8) 506 205 50 Anneli Lindblom, CFO, +46 (0) 765 93 84 00 Anders Berg, SVP Head of Communications and IR, +46 (0) 760 95 19 40   The information was submitted for publication, through the agency of the contact persons set out above, at 08:45 CEST on 15 April 2024.

    Invitation to presentation of Pandox’s interim report January–March 2024

    Pandox AB (publ) publishes the interim report for the period January–March 2024 on 25 April 2024, at 07:00 CEST, followed by a webcasted telephone conference at 08:30 CEST. Afterwards, a proprietary presentation on the international hotel market, separate from Pandox’s earnings presentation, will be held by Thomas Emanuel, Senior Director, STR International. Teleconference If you wish to participate via teleconference, please register via the following link: https://conference.financialhearings.com/teleconference/?id=5009919 

    Press release from the annual shareholders’ meeting in Pandox Aktiebolag (publ) on 10 April 2024

    Pandox held its annual shareholders’ meeting today 10 April 2024. The Annual shareholders’ meeting was held by physical presence of shareholders and with the option for shareholders to exercise their voting rights by advance voting (postal voting). The annual shareholders’ meeting in Pandox Aktiebolag (publ) resolved the following: Approval of income statement and balance sheet for the financial year 2023 and discharge from liability The annual shareholders’ meeting approved the income statement and balance sheet as well as the consolidated income statement and the consolidated

    Pandox AB (publ) publishes annual report for 2023

    The Swedish version of Pandox’s annual report 2023 including sustainability report is available as of today at www.pandox.se. In the annual report we describe the driving forces behind the growth in the hotel market, Pandox's business model and success factors, as well as our progress in sustainability. The Swedish annual report for 2023 will also be available on Pandox’s corporate webpage in Single Electronic Format (ESEF). The English version of the annual report is expected to be available on Pandox’s website within two weeks.       FOR MORE INFORMATION, PLEASE CONTACT:

    Notice to annual shareholders’ meeting in Pandox Aktiebolag (publ)

    Pandox Aktiebolag (publ), reg. no. 556030-7885, with its registered office in Stockholm, gives notice to the annual shareholders’ meeting to be held on 10 April 2024 at 10.00 at Hilton Slussen, Guldgränd 8 in Stockholm. Registration starts at 9.30. Shareholders can participate in the annual shareholders’ meeting by attending the venue in person or by voting in advance (postal voting). To facilitate participation for shareholders that does not attend the venue, the annual shareholders’ meeting will be broadcasted through Pandox webpage. Right to participate in the annual shareholders’

    Pandox enters into an agreement to sell DoubleTree by Hilton Montreal

    Pandox AB (publ) has entered into an agreement to divest DoubleTree by Hilton Montreal in Canada. The sale includes both the hotel property and hotel operations with a total transaction price of approximately MCAD 80. The closing is planned to take place in the second quarter of 2024.   “With the divestment of DoubleTree by Hilton Montreal, we realise values and free up capital for investments with higher return potential in our home markets where we can execute hotel property development more efficiently. We have owned the hotel property since 2008 and have in stages, together with a

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