The Danish jewelry company Pandora AS announced that the preliminary results for the whole year were higher than expected, after a strong quarter with broad growth in most of its key markets.
“Revenue in the fourth quarter as well as for all of 2021 is the highest for Pandora,” he said.
The company announced that the preliminary results for the whole year show an organic growth of 23% and a profit margin before taxes and interest of 25%, compared to estimates for 18% -20% and 24% -24.5% respectively.
Revenue for the full year stood at 23.4 billion kronor ($ 3.58 billion), while profit before taxes and interest stood at 5.8 billion kroner, while the corresponding amounts for the fourth quarter were 9 billion kroner and 2.27 billion kroner respectively.
On average, a low single-digit percentage of physical stores were temporarily closed during the fourth quarter due to coronavirus, and physical stores in some markets were affected by other restrictions, not just in China, the company said.
.
Source From: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
