Pandox AB (publ) interim report January–June 2018

Profitable growth and good returns

April–June 2018

  • Revenue from Property Management amounted to MSEK 791 (568). Adjusted for currency effects and comparable units, the increase was 0.5 percent
  • Net operating income from Property Management amounted to MSEK 664 (485). Adjusted for currency effects and comparable units, the decrease was 0.6 percent
  • Net operating income from Operator Activities amounted to MSEK 167 (139). Adjusted for currency effects and comparable units, the increase was 15 percent
  • EBITDA amounted to MSEK 794 (594)
  • Cash earnings amounted to MSEK 536 (425)
  • Cash earnings per share amounted to SEK 3.18 (2.67)
  • Profit for the period amounted to MSEK 763 (887)
  • Earnings per share amounted to SEK 4.53 (5.61)

January–June 2018

  • Revenue from Property Management amounted to MSEK 1,412 (1,042). Adjusted for currency effects and comparable units, the increase was 0.5 percent
  • Net operating income from Property Management amounted to MSEK 1,192 (881). Adjusted for currency effects and comparable units, the decrease was 0.3 percent
  • Net operating income from Operator Activities amounted to MSEK 233 (221). Adjusted for currency effects and comparable units, the increase was 17 percent
  • EBITDA amounted to MSEK 1,354 (1,044)
  • Cash earnings amounted to MSEK 873 (715)
  • Cash earnings per share amounted to SEK 5.18 (4.48)
  • Profit for the period amounted to MSEK 1,215 (1,414)
  • Earnings per share amounted to SEK 7.22 (8.92)
  • EPRA NAV per share amounted to SEK 153.97 (132.55)

Attachment: Interim report January–June 2018

FOR FURTHER INFORMATION, PLEASE CONTACT:
Anders Nissen, CEO, +46 (0) 708 46 02 02
Liia Nõu, CFO, +46 (0) 702 37 44 04
Anders Berg, Head of Communications and IR, +46 (0) 760 95 19 40

This information is information that Pandox AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above 13 July 2018 at 07:00 CEST.

About Pandox
Pandox is a leading owner of hotel properties in Northern Europe with a focus on sizeable hotels in key leisure and corporate destinations. Pandox’s hotel property portfolio comprises 143 hotels with approximately 31,600 hotel rooms in fifteen countries. Pandox’s business is organised into Property Management, which comprises hotel properties leased on a long-term basis to market leading regional hotel operators and leading international hotel operators, and Operator Activities, which comprises hotel operations executed by Pandox in its owner-occupied hotel properties. Pandox was founded in 1995 and the company’s B shares are listed on Nasdaq Stockholm. www.pandox.se