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. During February, the number of stores closed due to COVID-19 decreased from around 30% at the beginning of the month to around 25% by the end of the month.
In February, the organic growth was 12% and total sell-out growth was 7% compared to
Pandora is pleased with the performance so far in 2021. Considering that 25-30% of the stores were closed during January and February, the underlying trading continues to indicate that sell-out is stabilizing or growing. Sell-out growth in the US continues to be very strong.
Pandora maintains its financial guidance for 2021: Organic growth “Above 8%” and EBIT margin “Above 21%”.
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 through more than 7,000 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
- Investor news_February trading update
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