Pandora today releases a trading update for
Pandora has previously communicated that the company would, when relevant, release extraordinary trading updates due to the elevated uncertainty related to COVID-19. Pandora intents to cease issuing monthly trading updates when the percentage of temporarily closed stores reaches 15% or below.
On average, around 25% of physical stores were temporarily closed due to COVID-19 in the month of April with around 20% of stores remaining closed today. Revenue in
Key revenue metrics1
vs 2020 | vs 2019 | |
Organic growth, % | 214% | 32% |
Sell-out growth incl. temporarily closed stores, % | 123% | 7% |
Year-to-date 2021 | vs 2020 | vs 2019 |
Organic growth, % | 37% | 5% |
Sell-out growth incl. temporarily closed stores, % | 36% | -2% |
1 For definitions of metrics please refer to the Q1 2021 Aide Memoire.
The strong sell-out performance in April was driven by US where performance in April is even stronger than in Q1 2021. As stated in the Q1 2021 Interim Financial Report, Organic growth for
Pandora maintains its updated financial guidance for 2021: Organic growth “Above 12%” and EBIT margin “Above 22%”.
ABOUT PANDORA
Pandora designs, manufactures and markets hand-finished and contemporary jewellery made from high-quality materials at affordable prices. Pandora jewellery is sold in more than 100 countries on six continents through more than 6,700 points of sale, including more than 2,600 concept stores.
Founded in 1982 and headquartered in
CONTACTS | |
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
- Investor news_April trading update
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