Restrictions key challenge for Pandox

Crowne Plaza Brussels

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

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