Jewellery giant modifies financial guidance for 2018

Jewellery giant Pandora has decided to adjust the company's financial guidance for 2018 For 2018, Pandora now expects revenue to increase 4-7% in local currency Assuming current exchange rates versus the Danish Krone, the brand expects a headwind from currencies on revenue growth in Danish Kroner of around 2 percentage points.

This compares to an expected headwind of around 4 percentage points in connection with the announcement of the Q1 2018 report in May The EBITDA margin is expected to be approximately 32% CAPEX is still expected to represent approximately 5% of revenue.

During the financial year, Pandora expects to add around net 250 concept stores of which approximately 50% are expected to be opened in EMEA, 25% in Americas and 25% in Asia Pacific The company expects two-thirds of the concept store openings to be Pandora owned stores Pandora calculates a full year impact on revenue of around DKK 14 billion from the acquisitions made during 2017 and 2018. Source