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Pandox AB ( ($SE:PNDX.B) ) has shared an announcement.
Pandox AB started 2026 with strong financial momentum, driven mainly by its lease portfolio, which delivered a 26 percent increase in revenues and a 27 percent rise in net operating income in the first quarter. Own operations saw an 8 percent revenue decline but a 13 percent improvement in net operating income, contributing to a 26 percent increase in group EBITDA and a 12 percent gain in cash earnings per share.
Profit for the period surged to MSEK 640 from MSEK 118, supported by positive property value changes and favourable derivative valuations, while the market value of the property portfolio climbed 26 percent year-on-year to just over MSEK 93,000. The company’s leverage also rose, with net interest-bearing debt up 44 percent and loan-to-value at 52.3 percent, underscoring both balance-sheet expansion and the importance of maintaining interest cover at 1.9 times in the quarter and 2.6 times on a rolling 12‑month basis.
The most recent analyst rating on ($SE:PNDX.B) stock is a Buy with a SEK205.00 price target. To see the full list of analyst forecasts on Pandox AB stock, see the SE:PNDX.B Stock Forecast page.
More about Pandox AB
Pandox AB is a hotel property company that owns and leases a large portfolio of hotel assets, primarily in Europe. Its business model is split between lease-based operations, where it rents hotels to operators, and own operations, where it directly manages hotel properties, giving it diversified exposure to the hospitality and lodging market.
Average Trading Volume: 167,831
Technical Sentiment Signal: Buy
Current Market Cap: SEK35.42B
See more data about PNDX.B stock on TipRanks’ Stock Analysis page.