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Pandora A/S (PNDORA.CO)

PNDORA.CO on Copenhagen Stock Exchange

611.00DKK
5:23am EDT
Change (% chg)

kr.-16.00 (-2.55%)
Prev Close
kr.627.00
Open
kr.623.00
Day's High
kr.624.00
Day's Low
kr.608.50
Volume
558,711
Avg. Vol
829,636
52-wk High
kr.1,004.00
52-wk Low
kr.608.50

Latest Key Developments (Source: Significant Developments)

Pandora CEO expects no miraculous U.S. improvement in the quarters to come
Tuesday, 9 May 2017 05:53am EDT 

May 9 (Reuters) - Pandora :"The way we look at it is that we do not expect the U.S. market to miraculously improve over the next couple of quarters. I think that the environment we work in now is probably also going to be the environment for the quarters to come," CEO Anders Colding Friis told an investor call.Q1 revenue in the United States decreased by 7 percent, measured in Danish crowns and 10 percent in local currency hit by a challenging retail environment and a weak Valentines collection .Adjusted for one-offs, the U.S. revenue increased with single digit compared to Q1 2016.  Full Article

Jewellery maker Pandora Q1 core profit, sales beats forecast, maintains 2017 outlook
Tuesday, 9 May 2017 01:32am EDT 

May 9 (Reuters) - Pandora :Pandora reports 9 percent revenue growth and continued strong profitability.Q1 revenue 5,159 million DKK versus 5,086 million seen in Reuters poll (Q1 2016 4,740 million DKK).Q1 EBITDA 1,879 million DKK versus 1,779 million seen in Reuters poll (Q1 2016 1,760 million DKK).Says full-year guidance remains unchanged including group revenue of DKK 23-24 billion and EBITDA margin of approximately 38 percent.Says related to Q1 2017 results, Pandora will pay out a quarterly dividend of DKK 9 per share to shareholders (corresponding to DKK 1,006 million).CEO says retail climate in United States remains difficult, which was reflected in our performance in us for quarter.EBITDA margin is still expected to be significantly lower in the first half of 2017 compared with the second half.PANDORA plans to continue the expansion of the store network and expects to add more than 275 new concept stores in 2017 of which roughly 50 percent are expected to be opened in EMEA, 25 percent in Americas and 25 percent in Asia Pacific.  Full Article

Denmark's Pandora opens its first jewellery store in India
Friday, 21 Apr 2017 09:13am EDT 

April 21 (Reuters) - Danish jewellery maker Pandora A/S :Says opens new concept store in the 'Mall of India', in the Noida area of Delhi.Says it is the first of around 50 concept stores to be opened in India over a three year period.Says around five stores are scheduled to open in 2017.Announced in January it would enter India, one of the world's largest jewellery markets worth more than $40 billion a year and expected to grow 7 percent per year through 2021 nL5N1FH2WS.Shares fell more than 12 percent on Tuesday after a downgrade from Nordic broker Carnegie but recouped some of the losses on Thursday after the firm reassured markets by maintaining its 2017 outlook nL8N1HS1KZ.  Full Article

Pandora updates financial reporting structure
Thursday, 20 Apr 2017 02:08am EDT 

April 20 (Reuters) - Danish jewellery maker Pandora says::Has decided to update its reporting structure to ensure that it more appropriately reflects the performance of the underlying business drivers."Our updated financial reporting structure will provide greater clarity around the development of our owned and operated retail business, which is making a growing contribution to Group revenue".Since 2012, revenue from PANDORA owned concept stores has increased at an annual average growth rate of approximately 80 percent ."And we anticipate that from 2017 revenue from PANDORA owned concept stores will surpass the reported revenue from franchise concept stores".The financial guidance is unchanged and the content of this release will have no impact on PANDORA's outlook for 2017, it adds.A conference call for investors and financial analysts will be held Thursday 1000 CEST (0800 GMT).For more detail, click here nCSE6SmK.  Full Article

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

More From Around the Web

BRIEF-Denmark's Pandora opens its first jewellery store in India

* Says opens new concept store in the 'Mall of India', in the Noida area of Delhi