Pandox AB (publ) interim report January–September 2018

A stable quarter

July–September 2018

  • Revenue from Property Management amounted to MSEK 810 (589). For comparable units the increase was 2 percent adjusted for currency effects
  • Net operating income from Property Management amounted to MSEK 698 (511). For comparable units the increase was 2 percent adjusted for currency effects
  • Net operating income from Operator Activities amounted to MSEK 142 (129). For comparable units the increase was 4 percent adjusted for currency effects
  • EBITDA amounted to MSEK 806 (610)
  • Cash earnings amounted to MSEK 537 (462)
  • Cash earnings per share amounted to SEK 3.20 (2.91)
  • Profit for the period amounted to MSEK 833 (551)
  • Earnings per share amounted to SEK 4.98 (3.47)

January–September 2018

  • Revenue from Property Management amounted to MSEK 2,222 (1,631). For comparable units the increase was 2 percent adjusted for currency effects
  • Net operating income from Property Management amounted to MSEK 1,890 (1,392). For comparable units the increase was 1 percent adjusted for currency effects
  • Net operating income from Operator Activities amounted to MSEK 375 (350). For comparable units the increase was 10 percent adjusted for currency effects
  • EBITDA amounted to MSEK 2,160 (1,654)
  • Cash earnings amounted to MSEK 1,410 (1,177)
  • Cash earnings per share amounted to SEK 8.39 (7.39)
  • Profit for the period amounted to MSEK 2,049 (1,965)
  • Earnings per share amounted to SEK 12.20 (12.39)
  • EPRA NAV per share amounted to SEK 158.44 (136.47)

Significant events after the period

  • Pandox entered into agreement for the acquisition of Radisson Blu Glasgow October 2 and The Midland Manchester October 12

Attachment: Interim report January–September 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. The information was submitted for publication, through the agency of the contact persons set out above 25 October 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