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Pandora is releasing a Enterprise Replace for Q1 2021 in the present day. The Enterprise Replace is, like earlier enterprise updates this yr, issued as a press launch and never as an organization announcement, in accordance with the directions of NASDAQ Copenhagen.
Pandora has beforehand introduced that the corporate will situation extraordinary enterprise updates, if any, as a result of excessive uncertainty surrounding COVID-19. On common, round 30% of bodily shops have been briefly closed as a consequence of COVID-19 all through the primary quarter, with round 35% of shops closed on the finish of March.
Within the first quarter of 2021, the turnover was 4,500 million Danish kroner, which corresponds to a 13% development in turnover in native foreign money in comparison with the primary quarter of 2020.
Key Income Statistics1
|Q1 2021||vs Q1 2020||vs Q1 2019|
|Gross sales development incl. shops briefly closed,%||21%||-5%|
1 For metric definitions, please see the Q1 2021 Guidelines.
Pandora maintains its monetary forecasts for 2021: Natural development “above 8%” and EBIT margin “above 21%”.
Detailed quarterly outcomes will comply with within the 2021 First Quarter Interim Report back to be launched on Might 4, 2021. Pandora entered a interval of silence on April 1, 2021 and no additional feedback shall be supplied till the discharge of the Q1 announcement. . As a part of the Might 4 first quarter announcement, Pandora will present a primary high-level take a look at the brand new technique. No monetary goal shall be supplied right now.
Pandora designs, manufactures and markets hand completed jewellery created from prime quality supplies at reasonably priced costs. Pandora jewellery is bought in additional than 100 nations by greater than 7,000 factors of sale, together with round 2,700 idea shops.
Headquartered in Copenhagen, Denmark, Pandora employs 26,000 individuals worldwide and manufactures its jewellery at two LEED licensed services in Thailand utilizing primarily recycled silver and gold. The corporate plans to be carbon impartial by 2025 and has joined the Science Primarily based Targets initiative to cut back emissions throughout its worth chain. Pandora is listed on the Nasdaq
Copenhagen Inventory Change and generated a turnover of 19.0 billion DKK (2.5 billion euros) in 2020.
|RELATIONS WITH INVESTORS
Vice-President, Investor Relations, Taxation and Treasury
+45 5356 6909
Kristoffer Aas Malmgren
Director of Exterior Relations
+45 4060 1415