Pandox is exposed to a number of risks and its valuation is dependent on a number of factors. Below we highlight some important factors and their effect on Pandox.

Sensitivity to key valuation parameters
(As of 31 March, 2020)

Investment properties
effect on fair value
Change
%
Effect on value
MSEK
Yield +/-0.5pp -4,673 / +5,622
Change in currency exchange rates +/- 1% +/- 406
Net operating income +/- 1% +/- 558
     
Investment properties
effect on revenues
Change %

Change in revenues
MSEK

RevPAR (assuming 50/50 split between
occupancy and rate)

+/- 1% +/- 27
     
Operating properties
effect on revenues


Change %
Change in
revenues
MSEK
RevPAR (assuming 50/50 split between
occupancy and rate)
+/- 1% +/- 22
     
Financial sensitivity
effect on pre-tax earnings
Change %
Change in
pre-tax
earnings
MSEK
Interest expenses with current fixed interest
hedging of our portfolio, change in interest rates
+/- 1%  -/+ 102
Interest expenses with a change in the average interest rate level  +/- 1%  -/+ 321
Remeasurement of interest-rate derivatives
following shift in yield-curves
+/- 1%  -/+ 1,099