May 15, 2018 / 5:47 AM / a year ago

Jewellery maker Pandora Q1 lags forecast, flags Chinese slowdown

COPENHAGEN, May 15 (Reuters) - Danish jewellery maker Pandora on Tuesday posted first-quarter profit below expectations and said it had experienced a slowdown on the Chinese market.

The company posted first-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) of 1.67 billion Danish crowns, below the 1.75 billion estimated by analysts polled by Reuters.

“Growth in China experienced a slowdown in the quarter and actions are being taken to revert the development,” it said. (Reporting by Stine Jacobsen; Editing by Jacob Gronholt-Pedersen)

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