Pandora: forecasts raised on solid H1 results

(CercleFinance.com) - On Tuesday, Pandora reported a stronger-than-expected rise in its H1 results, boosted by strong growth outside Europe and the US, leading the Danish jeweler to raise its full-year guidance.


H1 sales totaled 11.75bn DKK, compared with 11.34bn DKK a year earlier, i.e. organic growth of 3%.

Meanwhile, its Operating margin slipped to 20.8% from 22.6% a year earlier, but - like organic growth - exceeded analysts' forecasts.

For FY 2023, Pandora now expects organic growth of between 2% and 5%, compared with a previous forecast range of between -2% and +3%.



Copyright (c) 2023 CercleFinance.com. All rights reserved.