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#1 16/05/18 07:40:30

Lianneeasy9
Member
Registered: 16/05/18
Posts: 8

Pandora Revenue Growth In Line With The Communicated Outlook

In line with previously communicated expectations, Pandora Jewelry Australia reports revenue growth in local currency of 6% for Q1 2018. EBITDA margin for the quarter was 32.6%. Revenue growth was mainly driven by EMEA as Asia Pacific experienced a slowdown mainly due to lower growth in China. A commercial plan to strengthen the Chinese business is being implemented.

Pandora Charms Australia made good progress on the strategy presented at the Capital Markets Day in January 2018, with a focus on product innovation, agile manufacturing, digitalising the brand experience and enhancing the omni-channel retail offer. This included the launch of the PANDORA Shine collection in March as well as installing plating lines at the crafting facilities in Thailand.

Group revenue in Pandora Rings On Sale decreased by 1% (6% increase in local currency) to DKK 5,115 million, which is in line with PANDORA’s earlier communicated expectations of local currency growth slightly below full year guidance of 7-10%
Revenue from PANDORA owned retail increased 32% (40% increase in local currency) and represented 51% of Group revenue

Pandora Bracelet Sale, 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 7,700 points of sale, including more than 2,400 concept stores.

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