PRESS RELEASE, 19 FEBRUARY 2014 - Year-end report 2013
Year-end report 2013· On December the 1st 2013, Pandox AB (publ) acquired the outstanding 50 per cent share of the Norgani group. As a result, the Norgani group will be consolidated as a fully owned subsidiary of Pandox AB (publ) from that date. · Pandox’ operating cash flow, excluding non-recurring items but including the 50 per cent share in the Norgani group for the first 11 months, amounted to SEK 639.7 M (664.5), down 3.7 per cent compared to 2012. The decrease is largely explained by the significant decrease in capacity due to planned investments and a higher cost of financing. ·