On
Based on unaudited numbers, organic growth for Q4 2020 is expected to be around 3-4% concluding the financial year 2020 with organic growth of around -11%. This exceeds both the guidance range of “-14% to –17%” communicated in the Q3 2020 Interim Report as well as the expected improvement of “at least 1 percentage point above the high end of the guidance” communicated on
The full-year EBIT margin, excluding restructuring costs, is, subject to audit, expected to be around 20%, and thus exceeding the guidance range of “17.5% - 19.0%”.
On average, around 10% of the physical stores were temporarily closed during Q4 2020 due to COVID-19. As of today, around 25% of the physical stores are temporarily closed. The current escalation of COVID-19 creates elevated uncertainty about 2021 financial performance.
As mentioned in the trading update released on
Pandora will, as planned, announce the detailed and audited financial results in the Q4 2020 Interim Report to be released on
ABOUT PANDORA
Pandora designs, manufactures and markets hand-finished jewellery made from high-quality materials at affordable prices. Pandora jewellery is sold in more than 100 countries on six continents through 7,100 points of sale, including around 2,700 concept stores.
Headquartered in
CONTACT
INVESTOR RELATIONS John Bäckman VP, Investor Relations, Tax & +45 5356 6909 jobck@pandora.net Investor Relations Director +45 3050 1174 kram@pandora.net | CORPORATE COMMUNICATIONS Director External Relations +45 4060 1415 jome@pandora.net |
Attachment
- Pandora_Company Announcement_No_615 Trading update
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