Key figures 2017
A good year for Sundt
Sundt, consisting of the holding companies Helene Sundt AS, CGS Holding AS and the investment company Sundt AS, had a profit of NOK 240 million in 2017. The net asset value increased with 10 percent, to NOK 13.3 billion.
The year can be described as normal and without any special events. We are quite satisfied with 2017, says CEO of Sundt AS Leiv Askvig.
The group has a total share of 27,4 percent and a 38 percent voting share in the hotel property company Pandox AB. Pandox cash flow before depreciation and taxes amounted to SEK 1,720 million, against SEK 1,361 million in 2016. The increase is mainly due to the investment in seven hotels as well as a continued god hotel market.
Pandox added approx SEK 1.5 billion through a private placement of B-shares in Desember 2017.