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Pandora A/S (PNDORA.CO)

PNDORA.CO on Copenhagen Stock Exchange

768.00DKK
24 Mar 2017
Change (% chg)

kr.5.00 (+0.66%)
Prev Close
kr.763.00
Open
kr.765.50
Day's High
kr.776.00
Day's Low
kr.763.00
Volume
695,411
Avg. Vol
578,243
52-wk High
kr.1,007.00
52-wk Low
kr.728.50

Latest Key Developments (Source: Significant Developments)

Pandora to almost triple dividends in 2017, Q4 in line with forecast
Tuesday, 7 Feb 2017 02:01am EST 

Pandora : Q4 EBITDA 2,711 million DKK versus 2,711 million seen in reuters poll . Q4 revenue 6,602 million DKK versus 6,715 million seen in Reuters poll . Q4 net profit 2,093 million DKK versus 1,959 million seen in reuters poll . Says from 2017, Pandora proposes to supplement ordinary dividend with three extraordinary quarterly dividends . Says board of directors proposes to return dkk 4.0 billion in dividend in 2017 . This includes an ordinary dividend of DKK 9 per share and additionally three extraordinary quarterly dividends of DKK 9 per share in relation to Q1 2017, Q2 2017 and Q3 2017 . In total, PANDORA will pay out a total of DKK 36 per share in 2017 vs DKK 13 for 2016 . Says 2017 revenue is expected to be in range of DKK 23-24 billion . Says EBITDA margin in 2017 is expected to be around 38 pct . Says EBITDA margin is expected to be significantly lower in first half of 2017 compared to second half . Says for 2017, EBITDA margin is anticipated to be negatively impacted by around 0-1 percentage points from higher commodity prices . Says Pandora currently expects only single-digit revenue growth in Q1 2017, due to timing of shipments and a very strong performance in q1 2016 . Says capex for year is expected to be around 5 pct of revenue.  Full Article

Pandora takes over African distribution
Monday, 6 Feb 2017 02:50am EST 

Danish jewellery maker Pandora : Says has made an agreement with Scandinavian brand house (SBH) to acquire its Pandora store network in South Africa, Mauritius, Namibia, Zambia, Zimbabwe and Réunion on July 3 . Says will pay a total amount of 16 million euro ($17.20 million) to SBH .Says will also take over distribution to 19 franchisee concept stores in region, as well as a number of multibranded stores.  Full Article

Pandora appoints distributor for India
Friday, 27 Jan 2017 05:00am EST 

Danish jewellery maker Pandora says in a stock exchange announcement on Friday : Has signed a letter of intent with Pan India Charms & Jewellery about distribution of Pandora jewellery in India . Pan India will be granted exclusive distribution rights for Pandora jewellery in India, in which Pandora currently has no distribution . Agreement is subject to certain conditions to be fulfilled . Will establish branded sales distribution focusing on concept stores and shop-in-shops, initially in Delhi, Mumbai and Bangalore .Initial expectation is to open around 50 concept stores in India over a three year period, with around five stores expected to be opened in 2017.  Full Article

Pandora Q3 results roughly in line with expectations, EBITDA guidance raised
Tuesday, 1 Nov 2016 02:31am EDT 

: Danish jewellery maker Pandora says full year 2016 earnings before interest, tax, depreciation, amortization (EBITDA)- margin guidance is changed to around 39 percent (from more than 38 percent). Revenue guidance is unchanged . Third quarter revenue 4,612 million Danish crowns ($680.25 million) versus 4,664 million seen in Reuters poll . EBITDA increased to 1,842 million, up 27 percent and slightly above the 1,805 million seen in Reuters poll .Net profit for third quarter was 1,405 million, above the 1,805 seen in Reuters poll.  Full Article

Pandora Q2 profit falls slightly short of consensus
Tuesday, 9 Aug 2016 02:09am EDT 

Pandora : Q2 revenue 4,327 million Danish crowns ($644.4 million) versus 4,485 million seen in Reuters poll . Q2 EBITDA 1,609 million DKK versus 1,696 million seen in Reuters poll . Q2 net profit 1,221 million DKK versus 1,233 million seen in Reuters poll . Says CAPEX guidance for 2016 is increased to approximately 1,200 million DKK (previously around 1,000 million DKK ) . Says keeps 2016 full-year guidance .Says plans to add 300 new concept stores in 2016 (previously more than 275).  Full Article

NNIT selected by Pandora to run its global IT operations
Thursday, 19 May 2016 03:00am EDT 

NNIT A/S : Says has been selected by Pandora to run its global IT operations . Agreement initially runs for five years with an option of a two-year extension .Deal value is in mid three-digit million Danish crown range.  Full Article

Pandora found not guilty in breach of the securities trading act-Reuters
Tuesday, 23 Feb 2016 04:17am EST 

Pandora A/S:Eastern High Court said it did not found Pandora guilty in breach of the Securities Trading Act-Reuters.  Full Article

Pandora gives FY 2016 guidance; proposes DKK 13 per share as dividend for FY 2015
Tuesday, 9 Feb 2016 02:01am EST 

Pandora A/S:For FY 2015, the Board of Directors proposes a dividend of 13.00 Danish crowns per share.Sees FY 2016 revenue of above 19 billion crowns, EBITDA margin of above 37 pct.FY 2016 revenue 19.9 billion crowns, EBITDA margin 38.3 pct-Thomson Reuters I/B/E/S.  Full Article

Pandora plans to open 200 to 300 stores annually in 2016 to 2018-Reuters
Thursday, 7 Jan 2016 12:50am EST 

Pandora A/S:Plans to add net between 200 and 300 concept stores annually in 2016 to 2018 and spend around 1.8 billion Danish crowns to increase capacity on factories in Thailand-Reuters.Around 60 percent of the new stores will be opened in the Europe region, 20 percent in Americas and 20 percent in Asia Pacific.  Full Article

Pandora updates on FY 2015 financial guidance
Wednesday, 6 Jan 2016 11:09am EST 

Pandora A/S:Says ‍based on preliminary reporting, Pandora's revenue for FY 2015 increased about 40 pct compared to FY 2014 to 16.7 billion Danish crowns which compares to financial guidance of above 16 billion crowns.Says other financial guidance remains unchanged.Says ‍Pandora continues to expect an EBITDA margin of around 37 pct​.Says ‍all geographic regions contributed with double digit growth in local currency in Q4.Says CAPEX is expected to be about 1 billion crowns and the tax rate is expected to be 30 pct​.  Full Article

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BRIEF-Pandora launches sponsored level 1 ADR programme

* Has established a sponsored Level 1 American Depositary Receipt (ADR) programme, effective 21 February 2017