Pandox AB (publ) (PNDX_B) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to this presentation of Pandoc's Q1 Interim Report for 2026. I'm here together with Liano, our CEO, and Anneli Lindblom, our CFO. And today, we also have the pleasure of having both Ifa Roche, Vice President at STR, and Henrik Karlsson from Benchmarking Alliance with us. Ifa and Henrik will provide a hotel market update on Europe and Nordics, respectively. And we think that this will be of particular interest considering the current geopolitical situation in the Middle East and elsewhere for that matter. And as you all know by now, STR and Benchmarking Alliance are both leading independent research firms dedicated to the hotel market and the views they express are completely separate from Pandox. And we offer this presentation as a service to Pandox stakeholders. An IFAS and RAS Henrik's presentation will be held after we have completed our former earnings presentation including the Q&A. So with that we start with Annelise and Lia's business update and the financial highlights and followed by the Q&A session. So with that I hand over to Lia. Thank you Anders and good morning and welcome everyone. The seasonally small first quarter marked a promising start to the year. In our existing portfolio, the positive trend from Q4 last year continued and we report positive like for like growth in both business segments. This was explained by broad based improvements in the European hotel market with both higher occupancy levels and largely stable prices, which signal the hotel market is fundamentally strong. Demand was particularly strong in the meeting segment in selective cities where leisure travel was stable. With the acquired Dalata as the main driver, a reported growth was strong. Dalata is performing according to plan and the legal se...