Pandox AB (publ) interim report January–September 2019

A balanced earnings development

July-September 2019

  • Revenue from Property Management amounted to MSEK 851 (810). For comparable units the increase was 2.6 percent, adjusted for currency effects
  • Net operating income from Property Management amounted to MSEK 761 (698), MSEK 748 excl. the effects of IFRS 16. For comparable units the increase was 1.7 percent, adjusted for currency effects
  • Net operating income from Operator Activities amounted to MSEK 160 (142), MSEK 153 excl. the effects of IFRS 16. For comparable units the decrease was 1.2 percent, adjusted for currency effects
  • EBITDA amounted to MSEK 881 (806), MSEK 861 excl. the effects of IFRS 16
  • Cash earnings amounted to MSEK 581 (535)
  • Cash earnings per share amounted to SEK 3.47 (3.18)
  • Profit for the period amounted to MSEK 242 (833)
  • Earnings per share amounted to SEK 1.45 (4.98)

January–September 2019

  • Revenue from Property Management amounted to MSEK 2,319 (2,222). For comparable units the increase was 1.5 percent, adjusted for currency effects
  • Net operating income from Property Management amounted to MSEK 2,048 (1,890), MSEK 2,006 excluding the effects of IFRS 16. For comparable units the increase was 1.6 percent, adjusted for currency effects
  • Net operating income from Operator Activities amounted to MSEK 467 (375), MSEK 449 excluding the effects of IFRS 16. For comparable units the increase was 10.1 percent, adjusted for currency effects
  • EBITDA amounted to MSEK 2,383 (2,160), MSEK 2,323 excluding the effects of IFRS 16
  • Cash earnings amounted to MSEK 1,509 (1,410)
  • Cash earnings per share amounted to SEK 9.01 (8.39)
  • Profit for the period amounted to MSEK 1,409 (2,049)
  • Earnings per share amounted to SEK 8.41 (12.20)

Significant events after the end of the period

  • Pandox entered into agreement to acquire two hotels in the Netherlands and Germany for MEUR 83 October 17

Attachment: Interim report January–September 2019

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 24 October 2019 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 146 hotels with approximately 32,700 hotel rooms in 15 countries. Pandox’s business is organised into Property Management, which comprises hotel properties leased on a long-term basis to leading 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