July 8, 2020 / 6:25 PM / a month ago

Jewellery maker Pandora says organic growth fell 40% in Q2

COPENHAGEN, July 8 (Reuters) - Danish jewellery maker Pandora said on Wednesday it had seen organic growth minus 40% in the second quarter but that 86% of its shops had reopened at the end of June as coronavirus lockdowns were lifted around the world.

The company also said it expects second-quarter earnings before interest and taxes (EBIT) before restructuring costs to break even, compared with its previous guidance in May of negative EBIT for the period.

Pandora is due to publish full second-quarter results on August 18. (Reporting by Jacob Gronholt-Pedersen, Editing by Franklin Paul)

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