Pandox AB (publ) Year-End Report January – December 2015

Regulatory News:

Good growth and profitability

Quarter October – December 2015

• Revenue from Property Management amounted to MSEK 365 (359). Adjusted for currency effects and comparable units, the increase was 6 percent.
• Net operating income from Property Management amounted to MSEK 306 (289). Adjusted for currency effects and comparable units, the increase was 11 percent.
• Net operating income from Operator Activities amounted to MSEK 104 (81), an increase of 28 percent. Adjusted for currency effects and comparable units, the increase was 15 percent.
• EBITDA amounted to MSEK 381 (341), an increase of 12 percent.
• Profit for the period amounted to MSEK 681 (124), an increase of MSEK 557.
• Cash earnings amounted to MSEK 234 (193), an increase of 21 percent including extra tax expense of MSEK -29.

Year-end January – December 2015

• Revenue from Property Management amounted to MSEK 1,543 (1,478). Adjusted for one-time revenue, currency effects and comparable units, the increase was 7 percent.
• Net operating income from Property Management amounted to MSEK 1,280 (1,186). Adjusted for one-time revenue, currency effects and comparable units, the increase was 8 percent.
• Net operating income from Operator Activities amounted to MSEK 416 (320). Adjusted for currency effects and comparable units, the increase was 19 percent.
• Profit for the period amounted to MSEK 2,131 (1,253), an increase of MSEK 878.
• Cash earnings amounted to MSEK 1,130 (873), an increase of 29 percent.
• The net asset value (EPRA NAV) per share was SEK 107.71 (92.11).
• The Board of Directors is proposing a dividend of SEK 3.80 per share, equivalent to just over 50 percent of cash earnings.

Important events after the period

• Agreement signed regarding divestment of eight Investment properties in Sweden for MSEK 850.

Attachment: Year-end report January – December 2015

Pandox AB (publ) is required to publish this information under the Swedish Securities Market Act and/or Financial Instruments Trading Act. The information was submitted for publication on 18 February 2016 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 121 hotels with more than 25,000 hotel rooms in eight 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, as of 18 June 2015, listed on Nasdaq Stockholm. www.pandox.se.

This information was brought to you by Cision http://news.cision.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20160217006767/en/