Pandora today releases a trading update for Q1 2021. The trading update is, as the previous trading updates this year, released as a press release, and not a company announcement, per instructions from NASDAQ Copenhagen.
Pandora has previously communicated that the company would, when relevant, release extraordinary trading updates due to the elevated uncertainty related to COVID-19. On average, around 30% of physical stores were temporarily closed due to COVID-19 throughout the first quarter, with around 35% of stores closed by the end of March.
In Q1 2021, revenue was
Key revenue metrics1
Q1 2021 | vs Q1 2020 | vs Q1 2019 |
Organic growth, % | 13% | -3% |
Sell-out growth incl. temporarily closed stores, % | 21% | -5% |
1 For definitions of metrics please refer to the Q1 2021 Aide Memoire.
Pandora maintains its financial guidance for 2021: Organic growth “Above 8%” and EBIT margin “Above 21%”.
Detailed results for the quarter will follow in the Q1 2021 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 through more than 7,000 points of sale, including around 2,700 concept stores.
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_Q1 trading update
© OMX, source