Pandox AB (publ) year-end report January–December 2018

Report this content

Good growth and increased net asset value

October–December 2018

  • Revenue from Property Management amounted to MSEK 749 (571). For comparable units the increase was 1 percent adjusted for currency effects
  • Net operating income from Property Management amounted to MSEK 627 (490). For comparable units the increase was 1 percent adjusted for currency effects
  • Net operating income from Operator Activities amounted to MSEK 165 (144). For comparable units the increase was 11 percent adjusted for currency effects
  • EBITDA amounted to MSEK 749 (597)
  • Cash earnings amounted to MSEK 480 (482)
  • Cash earnings per share amounted to SEK 2.88 (3.06)
  • Profit for the period amounted to MSEK 775 (1,183)
  • Earnings per share amounted to SEK 4.63 (7.47)
  • Pandox announced and completed two acquisitions in the UK and completed one divestment in Sweden

January–December 2018

  • Revenue from Property Management amounted to MSEK 2,971 (2,202). For comparable units the increase was 2 percent adjusted for currency effects
  • Net operating income from Property Management amounted to MSEK 2,571 (1,882). For comparable units the increase was 1 percent adjusted for currency effects
  • Net operating income from Operator Activities amounted to MSEK 540 (494). For comparable units the increase was 10 percent adjusted for currency effects
  • EBITDA amounted to MSEK 2,909 (2,252)
  • Cash earnings amounted to MSEK 1,890 (1,660)
  • Cash earnings per share amounted to SEK 11.26 (10.46)
  • Profit for the period amounted to MSEK 2,823 (3,148)
  • Earnings per share amounted to SEK 16.83 (19.89)
  • EPRA NAV per share amounted to SEK 164.04 (144.54)
  • The board proposes a dividend of SEK 4,70 (4,40), a total of MSEK 787 (737)

Attachment: Year-end report January–December 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 14 February 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 144 hotels with approximately 32,300 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

Tags: