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Pandora A/S (PNDORA.CO)

PNDORA.CO on Copenhagen Stock Exchange

493.10DKK
6:54am EDT
Change (% chg)

kr.-24.90 (-4.81%)
Prev Close
kr.518.00
Open
kr.490.00
Day's High
kr.497.50
Day's Low
kr.476.10
Volume
1,390,054
Avg. Vol
773,135
52-wk High
kr.756.00
52-wk Low
kr.476.10

Latest Key Developments (Source: Significant Developments)

Pandora ‍Board Approves Long-Term Management Incentive Programme For 2018​
Thursday, 15 Mar 2018 12:05pm EDT 

March 15 (Reuters) - PANDORA SAYS::‍BOARD OF DIRECTORS HAS APPROVED A LONG-TERM INCENTIVE PROGRAMME FOR 2018​.‍PROGRAMME INCLUDES POTENTIAL GRANT OF UP TO 17,306 STOCK OPTIONS TO COMPANY'S EXECUTIVE MANAGEMENT AND 101,151 STOCK OPTIONS TO KEY EMPLOYEES.THE GRANT IS SUBJECT TO PERFORMANCE TARGETS RELATED TO REVENUE GROWTH AND ACCUMULATED EBITDA OVER THE PERIOD OF 2018 TO 2020, MEASURED IN FIXED CURRENCY​.‍COMPOUND ANNUAL GROWTH RATE IN REVENUE OF 10% AND A MINIMUM AGGREGATED YEARLY EBITDA MARGIN OF 34% ARE REQUIRED TO RELEASE ALL STOCK OPTIONS​.‍IF REVENUE GROWTH IS BELOW 7% AND AGGREGATED EBITDA MARGIN BELOW 34% NO STOCK OPTIONS ARE RELEASED UNDER PROGRAMME.THE STOCK OPTIONS ARE GRANTED AT 1% OF THE AVERAGE MARKET PRICE OF THE PANDORA SHARE FIVE DAYS PRIOR TO THE GRANT IN Q1 2021​.‍MARKET VALUE OF TOTAL PROGRAMME IS APPROXIMATELY DKK 70 MILLION.IF THE PERFORMANCE CONDITIONS ARE MET MEMBERS OF EXECUTIVE MANAGEMENT ARE SUBJECT TO AN ADDITIONAL 2 YEAR VESTING PERIOD BEFORE THE STOCK OPTIONS CAN BE EXERCISED.​.  Full Article

Jewellery Maker Pandora CEO Says U.S. Retail Market Will Remain Challenged
Tuesday, 6 Feb 2018 03:49am EST 

Feb 6 (Reuters) - Pandora A/S ::JEWELLERY MAKER PANDORA CEO ANDERS COLDING FRIIS SAYS THE U.S. RETAIL MARKET WILL CONTINUE TO BE CHALLENGED THROUGHOUT 2018.PANDORA CEO SAYS SALES OF VALENTINES COLLECTION IS PERFORMING BETTER THAN LAST YEAR.PANDORA CEO SAYS AUSTRALIA REMAINS ONE OF THE FIRM'S STRONGEST MARKETS EVEN THOUGH DECLINING TRAFFIC FROM CHINESE TOURISTS PROMPTED FALL IN Q4 SALES.  Full Article

Denmark's Pandora Launches 4 Bln Crowns Share Buyback Programme with Q4 report
Tuesday, 6 Feb 2018 01:31am EST 

Feb 6 (Reuters) - Pandora ::REPORTS 15% REVENUE GROWTH IN LOCAL CURRENCY FOR 2017 AND 37.3% EBITDA MARGIN.SAYS ‍IN 2018, PANDORA WILL CONTINUE TO DRIVE GROWTH AND EXPAND STORE NETWORK. GROUP REVENUE IS EXPECTED TO INCREASE 7-10% IN LOCAL CURRENCY​.SAYS ‍EBITDA MARGIN IS EXPECTED TO BE AROUND 35% IN 2018​.SAYS ‍CAPEX FOR YEAR IS EXPECTED TO BE AROUND 5% OF REVENUE​.SAYS ‍EXPECTED LEVEL OF INVESTMENTS MAINLY INCLUDES INVESTMENTS IN PANDORA'S DISTRIBUTION NETWORK, IT AND CONTINUED OPTIMISATION OF COMPANY'S CRAFTING FACILITIES IN THAILAND​.SAYS ‍IN 2018, PANDORA PLANS TO CONTINUE TO EXPAND STORE NETWORK AND EXPECTS TO ADD AROUND NET 200 CONCEPT STORES DURING YEAR​.SAYS ‍PANDORA EXPECTS REVENUE GROWTH IN Q1 2018 TO BE SLIGHTLY BELOW GUIDED RANGE OF 7-10%​.SAYS ‍AS IN 2017, EBITDA MARGIN IS EXPECTED TO BE SIGNIFICANTLY LOWER IN FIRST HALF OF YEAR COMPARED WITH SECOND HALF​.SAYS ‍FOR 2018, PANDORA'S BOARD OF DIRECTORS HAS DECIDED TO INCREASE TOTAL CASH RETURN TO SHAREHOLDERS TO DKK 6.0 BILLION​.SAYS ‍BASED ON FINANCIAL RESULTS IN 2017, BOARD PROPOSES TO RETURN DKK 2 BILLION IN DIVIDEND IN 2018​.SAYS ‍THIS INCLUDES AN ORDINARY DIVIDEND OF DKK 9 PER SHARE AND ONE ADDITIONAL BI-ANNUAL DIVIDEND OF DKK 9 PER SHARE IN RELATION TO FIRST HALF 2018 RESULTS​.SAYS ‍BOARD HAS DECIDED TO LAUNCH A NEW SHARE BUYBACK PROGRAMME IN 2018, UNDER WHICH PANDORA WILL BUY BACK OWN SHARES TO A MAXIMUM CONSIDERATION OF DKK 4.0 BILLION​.Q4 REVENUE 7,603‍​ MILLION DKK VERSUS 7,623 MILLION SEEN IN REUTERS POLL.  Full Article

Pandora Expects ‍Group EBITDA Margin In Period 2018-2022 To Be Around 35%​
Thursday, 11 Jan 2018 02:34am EST 

Jan 11 (Reuters) - PANDORA ::PRESENTS 2022 STRATEGY AT CAPITAL MARKETS DAY.- AMBITION TO INCREASE REVENUE ANNUALLY IN PERIOD 2018-2022 WITH 7-10% IN LOCAL CURRENCY.- MAINTAINING A SOLID EBITDA MARGIN OF AROUND 35% BEGINNING FROM 2018.- WILL SIGNIFICANTLY GROW RINGS, EARRINGS AND NECKLACES & PENDANTS AND AIMS TO GENERATE AROUND 50% OF REVENUE FROM THOSE CATEGORIES BY 2022.- EXPECTS TO ADD AROUND NET 200 CONCEPT STORES ANNUALLY IN 2018-2022.SAYS ‍CAPEX , IN PERIOD 2018-2022, AS A PERCENTAGE OF ANNUAL REVENUE IS EXPECTED TO BE AROUND 5%​.TO ‍SPEND MORE THAN DKK 2.5 BILLION ON MARKETING, CORRESPONDING TO AROUND 8% OF REVENUE.​.‍GROUP REVENUE , IN PERIOD 2018-2022, IS EXPECTED TO INCREASE ANNUALLY WITH 7-10% IN LOCAL CURRENCY​.SAYS ‍GROUP EBITDA MARGIN, IN PERIOD 2018-2022, IS EXPECTED TO BE AROUND 35%​.  Full Article

Pandora warns on 2017 revenue and EBITDA margin, CFO resigns
Thursday, 11 Jan 2018 02:31am EST 

Jan 11 (Reuters) - Pandora A/S ::REPORTS 2017 PRELIMINARY REVENUE OF DKK 22.8 BILLION AND EBITDA MARGIN OF 37.3%.2017 REVENUE ‍22.8​ BLN DKK VS GUIDANCE AT LOW END OF 23-24 BLN DKK RANGE; 22.9 BLN DKK ANALYSTS ESTIMATE.SAYS ‍IN Q4 2017, LIKE-FOR-LIKE SALES-OUT GROWTH FOR PANDORA OWNED CONCEPT STORES WAS 15%, MAINLY DRIVEN BY A STRONG PERFORMANCE BY ESTORE​.SAYS ‍2017 EBITDA MARGIN IS EXPECTED TO BE 37.3% COMPARED WITH PANDORA'S FULL YEAR GUIDANCE OF APPROXIMATELY 38%​.SAYS ‍CAPEX FOR 2017 IS EXPECTED TO BE 6% OF REVENUE VERSUS EARLIER EXPECTED APPROXIMATELY 5% OF REVENUE​.SAYS ‍IN 2017, PANDORA OPENED NET 308 CONCEPT STORES VERSUS EXPECTATIONS OF MORE THAN 300​.CEO SAYS ‍2017 RESULTS ARE CLOSE TO TARGETS WE SET OURSELVES AT BEGINNING OF YEAR, BUT WE ARE OF COURSE DISAPPOINTED TO NOT FULLY REACH TARGETS​.CEO SAYS ‍SEVERAL EXTERNAL FACTORS HAVE WORKED AGAINST US DURING 2017, INCLUDING A DIFFICULT US RETAIL CLIMATE AS WELL AS AN UNFAVORABLE CURRENCY DEVELOPMENT.CFO AND MEMBER OF EXECUTIVE MANAGEMENT IN PANDORA A/S PETER VEKSLUND HAS DECIDED TO RESIGN AND LEAVE THE COMPANY, ANDERS BOYER (47) IS APPOINTED NEW CFO.​.  Full Article

BRIEF-Pandora CEO says 2017 sales to be hit by currency headwinds, US hurricanes
Tuesday, 7 Nov 2017 03:37am EST 

corrects period for US sales in 2nd bullet point to Jan-Sep from Q3:2017 SALES GUIDANCE SET AT LOWER END OF RANGE DUE TO CURRENCY HEADWINDS, IMPACT OF U.S. HURRICANES.U.S. SALES BETWEEN JANUARY AND SEPTEMBER LESS DRIVEN BY PROMOTIONAL ACTIVITY THAN IN JAN-SEP 2016.  Full Article

BRIEF-Jewellery maker Pandora sees 2017 revenue in low end of guided range
Tuesday, 7 Nov 2017 01:30am EST 

Repeats to cover additional alerts:PANDORA REPORTS 16% REVENUE GROWTH IN LOCAL CURRENCY AND 37.8% EBITDA MARGIN.Q3 REVENUE ‍5,194​ MILLION DKK VERSUS 5,127 MILLION SEEN IN REUTERS POLL.Q3 EBITDA ‍1,965​ MILLION DKK VERSUS 1,937 MILLION SEEN IN REUTERS POLL.SAYS ‍LIKE-FOR-LIKE SALES-OUT GROWTH FOR PANDORA OWNED CONCEPT STORES WAS 5%​.SAYS ‍REVENUE FROM AMERICAS INCREASED 1%​.SAYS ‍LIKE-FOR-LIKE SALES-OUT GROWTH IN US WAS 5%​.SAYS ‍EBITDA WAS DKK 1,965 MILLION IN Q3 2017 (Q3 2016: DKK 1,842 MILLION), CORRESPONDING TO AN EBITDA MARGIN OF 37.8%​.SAYS DECREASE IN EBITDA ‍WAS MAINLY DUE TO UNFAVORABLE CURRENCY FLUCTUATIONS AND HIGHER MARKETING EXPENSES.SAYS ‍FINANCIAL GUIDANCE FOR FY 2017 IS UNCHANGED, EVEN THOUGH FULL YEAR REVENUE IS EXPECTED IN LOW END OF EARLIER GUIDED RANGE OF DKK 23-24 BILLION​.CEO SAYS ‍RETAIL ENVIRONMENT IN US, COMBINED WITH CURRENCY HEADWIND FROM US DOLLAR, CONTINUED TO BE A CHALLENGE​.SAYS ‍PANDORA WILL PAY OUT A QUARTERLY DIVIDEND OF DKK 9 PER SHARE TO SHAREHOLDERS (CORRESPONDING TO DKK 1 BILLION)​.CEO SAYS ‍RESULTS IN Q3 WERE IN-LINE WITH OUR EXPECTATIONS, WITH UNDERLYING DEVELOPMENT SHOWING POSITIVES AS WELL AS NEGATIVES.CEO SAYS ‍​"IN THE AMERICAN MARKET, WE CAN STILL SEE MODERATE GROWTH, BUT WE CAN ALSO SEE HOW PANDORA'S ONLINE SALES IN THE USA ARE BEGINNING TO PICK UP SPEED".CEO SAYS AMERICAN RETAIL MARKET IS STILL UNDER PRESSURE.CEO SAYS HAS LAUNCHED CHRISTMAS COLLECTION IN THE USA EARLIER THIS YEAR TO GIVE CONSUMERS AN EXTRA MONTH TO PURCHASE THE PRODUCTS​​.  Full Article

Jewellery maker Pandora sees 2017 revenue in low end of guided range
Tuesday, 7 Nov 2017 01:30am EST 

Nov 7 (Reuters) - PANDORA : :PANDORA REPORTS 16% REVENUE GROWTH IN LOCAL CURRENCY AND 37.8% EBITDA MARGIN.Q3 REVENUE ‍5,194​ MILLION DKK VERSUS 5,127 MILLION SEEN IN REUTERS POLL.Q3 EBITDA ‍1,965​ MILLION DKK VERSUS 1,937 MILLION SEEN IN REUTERS POLL.SAYS ‍LIKE-FOR-LIKE SALES-OUT GROWTH FOR PANDORA OWNED CONCEPT STORES WAS 5%​.SAYS ‍REVENUE FROM AMERICAS INCREASED 1%​.SAYS ‍LIKE-FOR-LIKE SALES-OUT GROWTH IN US WAS 5%​.SAYS ‍EBITDA WAS DKK 1,965 MILLION IN Q3 2017 (Q3 2016: DKK 1,842 MILLION), CORRESPONDING TO AN EBITDA MARGIN OF 37.8%​.SAYS DECREASE IN EBITDA ‍WAS MAINLY DUE TO UNFAVORABLE CURRENCY FLUCTUATIONS AND HIGHER MARKETING EXPENSES.SAYS ‍FINANCIAL GUIDANCE FOR FY 2017 IS UNCHANGED, EVEN THOUGH FULL YEAR REVENUE IS EXPECTED IN LOW END OF EARLIER GUIDED RANGE OF DKK 23-24 BILLION​.CEO SAYS ‍RETAIL ENVIRONMENT IN US, COMBINED WITH CURRENCY HEADWIND FROM US DOLLAR, CONTINUED TO BE A CHALLENGE​.SAYS ‍PANDORA WILL PAY OUT A QUARTERLY DIVIDEND OF DKK 9 PER SHARE TO SHAREHOLDERS (CORRESPONDING TO DKK 1 BILLION)​.CEO SAYS ‍RESULTS IN Q3 WERE IN-LINE WITH OUR EXPECTATIONS, WITH UNDERLYING DEVELOPMENT SHOWING POSITIVES AS WELL AS NEGATIVES.CEO SAYS ‍​"IN THE AMERICAN MARKET, WE CAN STILL SEE MODERATE GROWTH, BUT WE CAN ALSO SEE HOW PANDORA'S ONLINE SALES IN THE USA ARE BEGINNING TO PICK UP SPEED".CEO SAYS AMERICAN RETAIL MARKET IS STILL UNDER PRESSURE.CEO SAYS HAS LAUNCHED CHRISTMAS COLLECTION IN THE USA EARLIER THIS YEAR TO GIVE CONSUMERS AN EXTRA MONTH TO PURCHASE THE PRODUCTS​​.  Full Article

Pandora says will buy back shares for up to DKK 1,800 mln from 7 February 2017 to 6 February 2018
Monday, 6 Nov 2017 11:05am EST 

Nov 6 (Reuters) - Pandora - :Transactions in connection with share buyback programme.Pandora - will buy back shares for an amount up to DKK 1,800 million in the period from 7 February 2017 to 6 February 2018.  Full Article

Pandora chairman Peder Tuborgh buys shares worth 995,363 DKK
Wednesday, 9 Aug 2017 07:58am EDT 

Aug 9 (Reuters) - PANDORA SAYS:CHAIRMAN PEDER TUBORGH BUYS SHARES WORTH 995,363 DKK.  Full Article

BRIEF-AQR cuts Pandora short position to 1.35 pct from 1.47 pct

* AQR CAPITAL MANAGEMENT LOWERS SHORT POSITION IN PANDORA TO 1.35 PERCENT FROM 1.47 PERCENT Further company coverage: (Reporting By Oslo newsroom)