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Pandora A/S (PNDORA.CO)

PNDORA.CO on Copenhagen Stock Exchange

487.70DKK
22 Jun 2018
Change (% chg)

kr.3.90 (+0.81%)
Prev Close
kr.483.80
Open
kr.482.80
Day's High
kr.488.20
Day's Low
kr.478.00
Volume
347,978
Avg. Vol
771,916
52-wk High
kr.756.00
52-wk Low
kr.475.30

Latest Key Developments (Source: Significant Developments)

Pandora Takes Over Distribution In Ireland
Tuesday, 22 May 2018 

May 22 (Reuters) - Pandora A/S ::REG-PANDORA TAKES OVER DISTRIBUTION IN IRELAND.SAYS IT HAS MADE AN AGREEMENT WITH BJ FITZPATRICK HOLDINGS LTD. TO ACQUIRE ITS PANDORA STORE NETWORK IN IRELAND ON 1 JUNE 2018.SAYS WITH AGREEMENT, PANDORA WILL ADD TO ITS RETAIL CHAIN 24 PANDORA OWNED CONCEPT STORES AND ONE SHOP-IN-SHOP IN IRELAND.SAYS FURTHERMORE, PANDORA WILL TAKE OVER DISTRIBUTION TO FIVE FRANCHISEE CONCEPT STORES AND 10 SHOP-IN-SHOPS, MAINLY IN NORTHERN IRELAND.SAYS WILL PAY A TOTAL AMOUNT OF EUR 23 MILLION (APPROXIMATELY DKK 171 MILLION) TO BJ FITZPATRICK GROUP.  Full Article

Pandora Q1 Ebitda Below Expectations; Keeps 2018 Guidance Unchanged
Tuesday, 15 May 2018 

May 15 (Reuters) - PANDORA A/S SAYS::FINANCIAL GUIDANCE FOR 2018 IS UNCHANGED.Q1 REVENUE 5,115 MILLION DKK VERSUS 5,221 MILLION SEEN IN REUTERS POLL.Q1 EBITDA 1,667 MILLION DKK VERSUS 1,754 MILLION SEEN IN REUTERS POLL.CEO SAYS AS ANTICIPATED, SALES GROWTH HAS STARTED AT A MODERATE PACE, AND IS EXPECTED TO IMPROVE AS WE GRADUALLY INTRODUCE MORE NEWNESS IN OUR PRODUCT ASSORTMENT THROUGHOUT YEAR.SAYS GROWTH IN CHINA EXPERIENCED A SLOWDOWN IN THE QUARTER AND ACTIONS ARE BEING TAKEN TO REVERT THE DEVELOPMENT.SAYS U.S. MARKET CONTINUES TO BE IMPACTED BY A LACK OF PRODUCT NEWNESS IN STORES; THE PHYSICAL NETWORK EXPERIENCED A NEGATIVE LIKE-FOR-LIKE PERFORMANCE.SAYS THE UK REMAINS A CHALLENGING RETAIL ENVIRONMENT.IN Q1 2018, PANDORA RETURNED DKK 1,220 MILLION TO SHAREHOLDERS THROUGH ORDINARY DIVIDEND OF DKK 9 PER SHARE (DKK 987 MILLION) AND SHARE BUYBACK OF DKK 233 MILLION.CEO SAYS REVENUE FROM OWNED RETAIL GREW 32% AND NOW REPRESENTS MORE THAN 50% OF GROUP REVENUE, PROVIDING US WITH GREATER CONTROL OVER BRAND.CEO SAYS WE ARE ALSO PLEASED WITH POSITIVE RECEPTION OF OUR NEW SPRING COLLECTION, INCLUDING PANDORA SHINE.SAYS LIKE-FOR-LIKE SALES-OUT GROWTH IN US WAS 9%.SAYS LIKE-FOR-LIKE SALES-OUT GROWTH FOR PANDORA OWNED CONCEPT STORES WAS 0%.  Full Article

AQR cuts Pandora short position to 1.35 pct from 1.47 pct
Friday, 9 Mar 2018 

March 9 (Reuters) - Pandora A/S ::AQR CAPITAL MANAGEMENT LOWERS SHORT POSITION IN PANDORA TO 1.35 PERCENT FROM 1.47 PERCENT.  Full Article

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

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 

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 

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 

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 

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 

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 Q2 profit falls slightly short of consensus
Tuesday, 9 Aug 2016 

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

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)