Pandora: forecasts better-than-expected quarterly result
(CercleFinance.com) - Pandora, the world's largest jewellery brand, on Thursday forecast a "significantly better than the expected" operating result for the second quarter.
The Danish company said EBIT excluding restructuring costs for the past quarter is anticipated to be at "roughly breakeven", compared to a previous forecast of a "significant negative" EBIT.
This better-than-expected financial performance is a result of faster re-opening of markets, strong online performance and slightly quicker traffic recovery to re-opened stores, the group said.
Pandora said 86% of its owned and franchised stores were open as of 30 June.
The Copenhagen-listed shares were up 6% after these figures.
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