Pandox CEO Anders Nissen told analysts: “We are in the hands of government restrictions”, with the recovery reliant on their relaxation.
In line with other hotel companies during the year, the group saw a strong summer, supported by the domestic market.
At the end of the quarter the company had Skr5.3bn (€510m) in liquidity.
Nissen said: “The summer season was actually stronger than expected, driven by good domestic demand in the leisure segment in regional cities in all countries. Mo