Pandox AB (publ) (PNDX_B) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you and good morning everyone on this beautiful summer's morning and to this presentation of Pandox Interim Report for the second quarter, 2026. As introduced, I'm on the Spare Head of IR at Pandox and I'm here together with Leono, 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. and eFindHendrik will provide a shorter hotel market update on Europe and Nordics respectively after we have concluded the formal earnings presentation call. As you know, 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 these presentations as a service to Pandox stakeholders. We start with Lia and Anneli's business update and financial highlights from the second quarter, followed by the Q&A session. So with that, I hand over to Lia. Please go ahead. Thank you, Anders. And good morning and welcome, everyone. Despite significant geopolitical changes, the hotel market continued to grow during the second quarter and booking trends remain stable. For Tandox, total revenue and net operating income increased by 15% and 25% respectively, primarily driven by strong performance in the leases business segment, where the acquisition of Dalata contributed positively. At the same time, our hotel properties in Sweden, the UK and Germany outperformed their respective markets. Like for like, total revenues and total NOI grew with 3% respectively. Cash earnings per share increased by 15%, while EPRA-NRV per share with a dividend paid in April added back increased by 14% on an annual basis, demonstrating continued value creation for shareholders....