Edition:
India

Pandora A/S (PNDORA.CO)

PNDORA.CO on Copenhagen Stock Exchange

630.80DKK
19 Jan 2018
Change (% chg)

kr.7.40 (+1.19%)
Prev Close
kr.623.40
Open
kr.625.80
Day's High
kr.634.00
Day's Low
kr.624.60
Volume
643,238
Avg. Vol
824,219
52-wk High
kr.912.50
52-wk Low
kr.540.50

Latest Key Developments (Source: Significant Developments)

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

NNIT selected by Pandora to run its global IT operations
Thursday, 19 May 2016 

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

Pandora found not guilty in breach of the securities trading act-Reuters
Tuesday, 23 Feb 2016 

Pandora A/S:Eastern High Court said it did not found Pandora guilty in breach of the Securities Trading Act-Reuters.  Full Article

Pandora gives FY 2016 guidance; proposes DKK 13 per share as dividend for FY 2015
Tuesday, 9 Feb 2016 

Pandora A/S:For FY 2015, the Board of Directors proposes a dividend of 13.00 Danish crowns per share.Sees FY 2016 revenue of above 19 billion crowns, EBITDA margin of above 37 pct.FY 2016 revenue 19.9 billion crowns, EBITDA margin 38.3 pct-Thomson Reuters I/B/E/S.  Full Article

BRIEF-Pandora warns on 2017 revenue and EBITDA margin, CFO resigns

* REPORTS 2017 PRELIMINARY REVENUE OF DKK 22.8 BILLION AND EBITDA MARGIN OF 37.3%