Pandox AB (publ) (PNDX_B) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much and good morning everyone and welcome to this presentation of Pandox Year-End Report 2025. I'm here together with Leon O, our CEO, and Anne Liljenblom, 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. And they will provide a hotel market update on Europe and Nordics respectively. And as you know, SKR and Men's Marketing Alliance are both leading independent research firms, totally dedicated to the hotel market, and the views they express are completely separate from Pandox. And we offer this presentation only as a service to Pandox stakeholders. And please note that Ifas and Rasmus' presentations will be held after we have completed our former earnings presentation, including the Q&A. And we start with Lia and Anneli's business update and financial highlights for the quarter and the year, which in every sense was a very eventful one. And then we end up with the Q&A session. So, yeah, with that, Lia, please go ahead. Thank you, Anders. And good morning and welcome, everyone. I agree that this report summarizes a very busy fourth quarter and also a full year 2025. Starting with our existing portfolio, I am glad to report solid like-for-like growth in both business segments in the fourth quarter. This is explained by broad-based improvements in the hotel market driven by active business demand and an overall solid event calendar and active leisure travel. Together with profitable contribution from completed acquisitions in the business segment leases and improved profitability in own operations, this resulted in a tangible increase in group earnings. In the leases business segment, demand improved markedly, however, still with variations between ma...