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Pandox AB

PANDXb.ST

Latest Trade

202.00SEK

Change

1.50(+0.75%)

Volume

263,462

Today's Range

201.00

 - 

202.50

52 Week Range

137.80

 - 

205.00

As of on the Stockholm Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Pandox Buys Hotel Property In Germnay

Nov 12 (Reuters) - Pandox AB <PANDXb.ST>::PANDOX ACQUIRES HOTEL PROPERTY IN NUREMBERG FOR MEUR 61.ACQUISITION IS EXPECTED TO CLOSE DURING Q1 OF 2020 AND HOTEL WILL BE REPORTED UNDER BUSINESS SEGMENT PROPERTY MANAGEMENT..TOTAL TRANSACTION VALUE AMOUNTS TO APPROXIMATELY MEUR 61,.PANDOX SEES SIGNIFICANT VALUE POTENTIAL IN HOTEL PROPERTY AND WILL INVEST MEUR 18 IN A COMPREHENSIVE UPGRADE OF HOTEL'S TECHNICAL STANDARD, AS WELL AS ROOMS, MEETING AREAS, RESTAURANT, BAR AND OTHER PUBLIC AREAS.PANDOX EXPECTS HOTEL TO CONTRIBUTE APPROXIMATELY MEUR 3.2 IN NET OPERATING INCOME IN 2020, ON AN ANNUALISED BASIS..SELLER IS A GERMAN INSTITUTION.INITIAL YIELD CORRESPONDS TO APPROXIMATELY 5.4 PERCENT, BEFORE TRANSACTION COSTS, AND IS EXPECTED TO INCREASE SIGNIFICANTLY FOLLOWING ACTIVE OWNERSHIP AND VALUE-ADDING INVESTMENTS.

Pandox Q3 EBITDA Up At SEK 881 Mln

Oct 24 (Reuters) - Pandox AB <PANDXb.ST>::Q3 REVENUE FROM PROPERTY MANAGEMENT SEK 851 MILLION VERSUS SEK 810 MILLION YEAR AGO.Q3 EBITDA SEK 881 MILLION VERSUS SEK 806 MILLION YEAR AGO.Q3 NET PROFIT SEK 242 MILLION VERSUS SEK 833 MILLION YEAR AGO.MAINTAINS THAT THE HOTEL MARKET HAS GROWTH POTENTIAL, BUT THAT IT IS IN A MATURING PHASE AND GROWTH IS SLOWING.PANDOX MAINTAINS THAT CONDITIONS FOR GROWTH STILL EXIST THIS YEAR.

Pandox Acquires Two Hotels For EUR 83 Mln

Oct 18 (Reuters) - Pandox AB <PANDXb.ST>::PANDOX ACQUIRES TWO HOTELS FOR MEUR 83.TOTAL TRANSACTION VALUE AMOUNTS TO APPROXIMATELY MEUR 83, EXCLUDING MINORITY..FULL YEAR 2020 HOTELS ARE EXPECTED TO CONTRIBUTE APPROXIMATELY MEUR 16 IN SALES AND ABOUT MEUR 5.4 IN NET OPERATING INCOME.ACQUISITION IS EXPECTED TO CLOSE DURING Q4 2019.

Pandox Q2 EBITDA Up At SEK 868 Million

July 12 (Reuters) - Pandox AB <PANDXb.ST>::(PUBL) INTERIM REPORT JANUARY-JUNE 2019.Q2 REVENUE FROM PROPERTY MANAGEMENT SEK 783 MILLION VERSUS SEK 791 MILLION YEAR AGO.Q2 EBITDA SEK 868 MILLION VERSUS SEK 794 MILLION YEAR AGO.Q2 NET PROFIT SEK 760 MILLION VERSUS SEK 763 MILLION YEAR AGO.

Pandox Divests Hotel Building In Stockholm

June 19 (Reuters) - Pandox AB <PANDXb.ST>::PANDOX DIVESTS HOTEL BUILDING IN STOCKHOLM.CLOSING IS PLANNED TO 2 SEPTEMBER 2019..ENTERED INTO AN AGREEMENT TO DIVEST HOTEL BUILDING, WHICH ACCOMMODATES HOTEL HASSELBACKEN IN STOCKHOLM, FOR MSEK 480.DIVESTMENT IS MADE AT AN UNDERLYING VALUE FOR HOTEL BUILDING OF MSEK 480.BUYER IS A COMPANY WITHIN POP HOUSE SWEDEN GROUP.DIVESTMENT WILL HAVE A POSITIVE IMPACT ON EPRA NAV OF APPROXIMATELY MSEK 100 IN Q2 2019.

Pandox Buys Three Hotel Properties In Germany

June 18 (Reuters) - Pandox AB <PANDXb.ST>::PANDOX ACQUIRES THREE HOTEL PROPERTIES IN GERMANY FOR MEUR 103.(PUBL) HAS ENTERED INTO AN AGREEMENT TO ACQUIRE THREE HOTEL PROPERTIES IN AUGSBURG, ERFURT AND DORTMUND IN GERMANY WITH A TOTAL OF 565 ROOMS.TOTAL TRANSACTION VALUE AMOUNTS TO APPROXIMATELY MEUR 103, EXCLUDING MINORITY.ACQUISITION IS EXPECTED TO BE CLOSED DURING Q3 2019.ACQUISITION IS FINANCED BY EXISTING CREDIT FACILITIES.FOR 2019 HOTELS ARE EXPECTED TO CONTRIBUTE APPROXIMATELY MEUR 5.5 IN RENTAL INCOME AND MEUR 5.0 IN NET OPERATING INCOME, ON AN ANNUALISED BASIS.ACQUISITION OF HOTEL PROPERTIES IS MADE BY ACQUISITION OF SHARES IN A COMPANY WITH AN UNDERLYING PROPERTY VALUE OF MEUR 103 ON A DEBT FREE BASIS.ACQUIRED HOTEL PROPERTY PORTFOLIO HAS A YIELD OF APPROXIMATELY 5.7 PERCENT, BEFORE TRANSACTION COSTS.

Pandox AB (Publ) Adjusts Dividend Policy

Pandox AB <PANDXb.ST>::(PUBL) ADJUSTS DIVIDEND POLICY.DECIDED TO ADJUST ITS DIVIDEND POLICY.NEW TARGET IS A DIVIDEND PAY-OUT RATIO OF 30-50 PERCENT (PREVIOUSLY 40-60 PERCENT) OF TOTAL CASH EARNINGS.NEW TARGET: AN AVERAGE DIVIDEND PAY-OUT RATIO OVER TIME OF APPROXIMATELY 40 PERCENT (PREVIOUSLY APPROXIMATELY 50 PERCENT)..CAPITAL STRUCTURE TARGET REMAINS UNCHANGED WITH A LOAN-TO-VALUE OF 45-60 PERCENT.

Pandox Q1 EBITDA Rises To SEK 634 Mln

April 26 (Reuters) - Pandox AB <PANDXb.ST>::JAN-MARCH REVENUE FROM PROPERTY MANAGEMENT AMOUNTED TO MSEK 685 (621).JAN-MARCH NET OPERATING INCOME FROM PROPERTY MANAGEMENT AMOUNTED TO MSEK 583 (528).JAN-MARCH EBITDA AMOUNTED TO MSEK 634 (560), MSEK 615 EXCLUDING EFFECTS OF IFRS 16.

Pandox Q4 EBITDA Rises To SEK 749 Million

Feb 14 (Reuters) - Pandox AB <PANDXb.ST>::Q4 REVENUE FROM PROPERTY MANAGEMENT SEK 749 MILLION VERSUS SEK 571 MILLION YEAR AGO.Q4 EBITDA SEK 749 MILLION VERSUS SEK 597 MILLION YEAR AGO.PROPOSES DIVIDEND OF SEK 4.70 PER SHARE.

Pandox Q3 EBITDA Sek 806 Million

Oct 25 (Reuters) - Pandox AB <PANDXb.ST>::Q3 EBITDA SEK 806 MILLION VERSUS SEK 610 MILLION YEAR AGO.Q3 NET PROFIT SEK 833 MILLION VERSUS SEK 551 MILLION YEAR AGO.Q3 REVENUE FROM PROPERTY MANAGEMENT SEK 810 MILLION VERSUS SEK 589 MILLION YEAR AGO.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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