• Pandox consolidates

Pandox reported net operating income up 29% in full year 2018, with profits down 10%. The group is focusing on improving its existing estate, adding 225 rooms organically in the last quarter.

Looking ahead, Pandox warns that market growth will be slower, with new capacity compromising pricing in some markets. It plans to increase the dividend by 7%, while retaining cash for acquisition opportunities.

Read the full story here:

https://www.pandox.se/globalassets/cision/documents/2019/20190214-pandox-ab-publ-year-end-report-januarydecember-2018-en-0-3206006.pdf

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