Year End Report 2014
· Pandox’ operating cash flow, excluding non-recurring items, amounted to SEK 887.8 M (814.7), which corresponds to a 9 per cent increase. The increase is mainly explained by an improved global economy, increased capacity when renovated hotels have been reactivated, improved results from hotels under own operations and lower financing costs. · Property management revenues amounted to SEK 1,788.8 M (1,812.5). For comparable entities, including an adjustment for currency effects, the property management revenues increased by 5.1 percent. · Revenues from Pandox' own operations were SEK 1,