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Pandox AB (publ) interim report January – September 2017

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Good growth and high efficiency

Quarter July – September 2017

  • Revenue from Property Management amounted to MSEK 589 (479). Adjusted for currency effects and comparable units, the increase was 4 percent.
  • Net operating income from Property Management amounted to MSEK 511 (409). Adjusted for currency effects and comparable units, the increase was 3 percent.
  • Net operating income from Operator Activities amounted to MSEK 129 (130). Adjusted for currency effects and comparable units, the increase was 44 percent.
  • EBITDA amounted to MSEK 610 (512).
  • Profit for the period amounted to MSEK 551 (592).
  • Cash earnings amounted to MSEK 462 (386), incl. reversal of extra tax expense of MSEK 29 after positive outcome from appeal.
  • Earnings per share amounted to SEK 3.47 (3.93).

Period January – September 2017

  • Revenue from Property Management amounted to MSEK 1,631 (1,329). Adjusted for currency effects and comparable units, the increase was 5 percent.
  • Net operating income from Property Management amounted to MSEK 1,392 (1,127). Adjusted for currency effects and comparable units, the increase was 4 percent.
  • Net operating income from Operator Activities amounted to MSEK 350 (309). Adjusted for currency effects and comparable units, the increase was 30 percent.
  • EBITDA amounted to MSEK 1,654 (1,353).
  • Profit for the period amounted to MSEK 1,965 (1,442).
  • Cash earnings amounted to MSEK 1,177 (975).
  • Earnings per share amounted to SEK 12.39 (9.56).
  • EPRA NAV per share amounted to SEK 136.47 (120.53).

Significant events during and after the period

  • Pandox completes acquisition of Hilton London Heathrow Airport for MGBP 80.

Attachment: Interim report January – September 2017

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, Director 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 10 November 2017 at 07:00 CET.

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 currently comprises 122 hotels with approximately 27,000 hotel rooms in eleven 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

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Interim report Pandox AB Q3 2017

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