Pandox AB (publ) interim report January–March 2020

A clear game plan in a difficult situation

January–March 2020

• Revenue from Property Management amounted to MSEK 672 (685). For comparable units the decrease was 11 percent, adjusted for currency effects
• Net operating income from Property Management amounted to MSEK 561 (583). For comparable units the decrease was 12 percent, adjusted for currency effects
• Net operating income from Operator Activities amounted to MSEK 20 (95). For comparable units the decrease was 78 percent, adjusted for currency effects
• EBITDA amounted to MSEK 538 (639)
• Cash earnings amounted to MSEK 262 (367)
• Cash earnings per share amounted to SEK 1.43 (2.18)
• Profit for the period amounted to MSEK -668 (407)
• Earnings per share amounted to SEK -3.63 (2.43)
• The result includes unrealised changes in value Investment Properties of MSEK -611 

Attachment: Interim report January–March 2020

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, SVP 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 29 April 2020 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 156 hotels with approximately 35,000 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

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