Pandora Slashes Forecast With Jewelry Maker's Misery Deepening

Pandora Slashes Forecast With Jewelry Maker's Misery Deepening

Pandora A/S plunged after the world's biggest jewelry maker cut its profit and sales forecasts amid struggles in key markets such as the U.S and China The shares fell more than 20 percent, the most in seven years, and were down 197 percent at 3454 kroner as of 9:59 am.

in the Danish capital Pandora said late Monday that it expects sales to grow 4 to 7 percent in local currencies this year, down from a previous forecast of 7-10 percent That's down from a November peak of about 13 percent.

Second-quarter revenue fell 0.1 percent to 4.82 billion kroner The Ebitda margin was 31.1 percent, down from 33.4 percent a year earlier About half of those are expected to be opened in EMEA, 25 percent in the Americas and 25 percent in Asia-Pacific. Source

Popular products near you

Popular Posts

Freeform Boulder Opal pair featuring Peacock Green and Blue colours set in 18k white gold ...

Freeform Boulder Opal pair featuring Peacock Green and Blue colours set in 18k white gold earrings w...

read more

White Gold Moissanite Engagement Ring Set MOI-7145S

This interlocking diamond wedding set features a solitaire engagement ring with round moissan...

read more

24 Pieces of Jewelry That Will Make the Perfect Holiday Presents

From classic to statement-making, there's something for everyone on this list. No matter how well yo...

read more

Stocking up: Holiday 2020

Bright colors, charms, and classic looks are the top orders this holiday season as the pandemic keep...

read more

Subscribe to our Newsletter

Get the best news about jewelry and watch industries, products and services