Pandora operating profit rises by more than fourfold

Business | 4 May 2021 2:34 pm

Danish jewelry maker Pandora on Tuesday reported first-quarter operating profit above expectations after lifting its full-year sales and profit guidance, Reuters reports.

Pandora, best known for its silver charm bracelets, said operating profit (EBIT) increased by more than fourfold to 903 million Danish crowns, compared with 833 million forecast by analysts in a poll gathered by the company.

On Monday Pandora said it now expects organic growth in sales of above 12 percent, compared with its previous forecast of above 8 percent, and sees its margin on earnings before interest and tax (EBIT) at above 22 percent, compared with its previous forecast of above 21 percent.

 



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