Pandora: raises annual guidance again
(CercleFinance.com) - On Tuesday, Pandora reported a stronger-than-expected rise in Q2 operating profit, notably driven by strong sales in the US, France and Germany, leading the Danish jeweler to raise its annual guidance once again.
EBIT for April to June was 1.34bn DKK, compared with 1.19bn DKK a year ago and the consensus of 1.3bn DKK.
Q2 sales were 6.77bn DKK, up 8% LFL, from 5.89bn DKK.
In its main European markets, the group says it recorded 'solid' comparable growth of 10%, followed by the US (+5%).
After generating organic growth of 15% in Q2, Pandora now targets organic growth of 9% to 12% for 2024, compared with a previous forecast of 8% to 10%.
It has confirmed its operating margin forecast of 'around 25%'.
All said, following this publication, Pandora shares were little changed (+0.3%) on Tuesday morning in Copenhagen.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
EBIT for April to June was 1.34bn DKK, compared with 1.19bn DKK a year ago and the consensus of 1.3bn DKK.
Q2 sales were 6.77bn DKK, up 8% LFL, from 5.89bn DKK.
In its main European markets, the group says it recorded 'solid' comparable growth of 10%, followed by the US (+5%).
After generating organic growth of 15% in Q2, Pandora now targets organic growth of 9% to 12% for 2024, compared with a previous forecast of 8% to 10%.
It has confirmed its operating margin forecast of 'around 25%'.
All said, following this publication, Pandora shares were little changed (+0.3%) on Tuesday morning in Copenhagen.
Copyright (c) 2024 CercleFinance.com. All rights reserved.