Pandox AB (publ) (PNDX_B) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Now I will hand the conference over to Head of IR and Communication Anders Berg. Please go ahead. Thank you very much and we would like to welcome all of you to this presentation of PANLOC's Interim Report for the third quarter 2025. I'm here together with Leonor, our CEO, and Anneli Lindblom, our CFO. And today we also have the pleasure of having both IFA, Roche, vice president at STR, and Rasmus Kjellman, CEO at Benchmarking Alliance, with us. IFA and Rasmus will provide a hotel market update on Europe and Nordics, respectively. And STR and Managed Marketing 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. Please note that IFA and Rasmus' presentations will be held after we have completed our formal earnings presentation, including the Q&A. So we start with Lia and Anneli's business update and financial highlights for the third quarter 2025, followed by the Q&A session. So with that, I hand over to Lia. Thank you, Anders, and good morning and welcome, everyone. The hotel market improved in the third quarter, supported by a good event calendar and active leisure travel. Together with the profitable contribution from completed acquisitions, this resulted in increased earnings in both our business segments. In the leases business segment, demand improved but varied across markets. The Nordics developed the best with good rent growth in Sweden, Norway and Denmark, while Finland remained weaker. Overall development in Germany and the UK was stable. Both revenue and profit increased in the own operations business segment. Demand improved while comparisons with the corresponding quarter last year eased wit...