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Consensus - Post-Q4 2020 results - February
Q1 2021 FY 2021
DKK million Average Median High Low # of contr. Average Median High Low # of contr.
Reported revenue 4,045 4,097 4,381 3,412 13 20,891 20,758 21,692 20,410 15
Revenue growth, % local currency -1% 0% 9% -15% 13 11% 10% 13% 9% 15
Organic revenue growth, % -3% -1% 8% -16% 11 10% 10% 13% 1% 13
Sell-out growth incl. temporarily closed stores -0% -1% 5% -5% 6 11% 11% 14% 8% 6
Total like-for-like sales out -2% -1% 12% -15% 5 10% 10% 14% 1% 5
Gross profit excl. restructuring costs 3,073 3,106 3,330 2,550 13 15,770 15,758 16,529 14,842 15
Gross margin excl. restructuring costs 76.0% 76.1% 77.4% 73.9% 12 75.5% 75.5% 76.8% 72.7% 14
EBIT (After IFRS 16) excl. restructuring costs 595 615 750 167 13 4,687 4,633 5,320 4,307 15
EBIT margin excl. restructuring costs 14.6% 15.5% 17.6% 4.8% 12 22.5% 22.1% 24.5% 21.0% 14
Total restructuring costs 3 0 25 0 10 8 0 100 0 12
- Hereof COGS restructuring 0 0 0 0 8 0 0 0 0 10
- Hereof OPEX restructuring 3 0 25 0 9 9 0 100 0 11
Net profit 441 462 548 120 13 3,559 3,528 4,076 3,256 15
Earnings per share, basic 5 5 5 3 11 37 36 43 33 15
Dividend per share 0 0 0 0 3 15 15 24 9 13
Free cash flow* -238 -359 139 -494 3 3,667 3,673 6,079 2,296 10
Number of concept stores, end period 2,691 2,690 2,709 2,680 8 2,691 2,690 2,714 2,670 10
FY 2022 FY 2023
DKK million Average Median High Low # of contr. Average Median High Low # of contr.
Reported revenue 22,265 22,343 23,861 20,104 15 23,443 23,544 24,752 21,204 13
Revenue growth, % local currency 7% 7% 12% -2% 15 4% 4% 8% 2% 13
Organic revenue growth, % 6% 6% 12% -3% 13 3% 3% 5% 2% 10
Sell-out growth incl. temporarily closed stores 6% 5% 11% -3% 6 3% 3% 5% 2% 5
Total like-for-like sales out 4% 4% 9% -3% 6 3% 3% 3% 2% 5
Gross profit excl. restructuring costs 16,769 16,891 18,063 15,021 15 17,705 17,658 18,888 15,977 13
Gross margin excl. restructuring costs 75.3% 75.3% 76.6% 74.0% 14 75.6% 75.6% 76.6% 74.5% 12
EBIT (After IFRS 16) excl. restructuring costs 5,340 5,430 6,419 4,173 15 5,885 5,819 6,881 5,177 13
EBIT margin excl. restructuring costs 23.9% 24.0% 26.9% 20.8% 14 25.1% 25.0% 27.8% 23.4% 12
Total restructuring costs 0 0 0 0 12 0 0 0 0 11
- Hereof COGS restructuring 0 0 0 0 10 0 0 0 0 9
- Hereof OPEX restructuring 0 0 0 0 11 0 0 0 0 10
Net profit 4,077 4,156 4,923 3,175 15 4,491 4,481 5,281 3,871 13
Earnings per share, basic 43 43 53 34 15 48 48 61 40 13
Dividend per share 17 15 32 9 13 15 15 22 9 11
Free cash flow* 5,049 5,178 5,546 4,212 10 5,262 5,474 6,155 4,370 9
Number of concept stores, end period 2,701 2,690 2,772 2,670 9 2,695 2,690 2,717 2,670 8
*After IFRS 16 - excludes fixed rental lease payments
Disclaimer: Mean earnings estimates are calculated by Pandora based on earnings projections made by the analysts who cover Pandora. Please note that any opinions, estimates or forecasts regarding Pandora's performance made by these analysts (and therefore the average estimate numbers) are theirs and do not represent opinions, forecasts or predictions of Pandora or its management. Pandora does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations. Figures are in million DKK, except for EPS which is in DKK.

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Pandora A/S published this content on 18 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 February 2021 17:06:02 UTC.