Pandox AB (publ) year-end report January

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

FOR MORE INFORMATION, PLEASE CONTACT:

Anders Nissen, CEO, +46 (0)708 46 02 02
Liia Nõu, CFO, +46 (0)702 37 44 04
Camilla Weiner, Head of Investor Relations, +46 (0)70 752 08 57

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.
Pandox AB (publ) year-end report January – December 2015

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