Pandox AB : (publ) interim report January-September 2020

Two steps forward, one step back

July-September 2020

· Revenue from Property Management amounted to MSEK 630 (851), which includes a one-time revenue of MSEK 28. For comparable units the decrease was 35 percent, adjusted for currency effects
· Net operating income from Property Management amounted to MSEK 531 (761). For comparable units the decrease was 37 percent, adjusted for currency effects
· Net operating income from Operator Activities amounted to MSEK -39 (160)
· EBITDA amounted to MSEK 456 (886)
· Cash earnings amounted to MSEK 194 (586)
· Cash earnings per share amounted to SEK 1.06 (3.51)
· Profit for the period amounted to MSEK -103 (242), including unrealised changes in value for Investment Properties of MSEK -315
· Earnings per share amounted to SEK -0.56 (1.45)
· Per 30 September 2020, liquid funds and unutilised credit facilities amounted to MSEK 5,348, compared with MSEK 5,516 per 30 June 2020
January-September 2020
·
Revenue from Property Management amounted to MSEK 1,829 (2,319). For comparable units, the decrease was 30 percent, adjusted for currency effects

· Net operating income from Property Management amounted to MSEK 1,540 (2,048). For comparable units the decrease was 32 percent, adjusted for currency effects
· Net operating income from Operator Activities amounted to MSEK -104 (467)
· EBITDA amounted to MSEK 1,321 (2,397)
· Cash earnings amounted to MSEK 531 (1,523)
· Cash earnings per share amounted to SEK 2.91 (9.09)
· Profit for the period amounted to MSEK -1,103 (1,409), including unrealised changes in value for Investment Properties of MSEK -1,246
· Earnings per share amounted to SEK -5.98 (8.41)

A webcast and teleconference will be held 23 October 2020 at 08:30 CEST. Information is available at pandox.se.

Attachment: Interim report January-September 2020

FOR FURTHER INFORMATION, PLEASE CONTACT:

Anders Nissen, CEO, [phone]
Liia Nõu, CFO, [phone]
Anders Berg, SVP Head of Communications and IR, [phone]

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 23 October 2020, 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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