The jewellery group Pandora has announced record profits for 2013 on the back of revenue of 9.0 billion kroner last year following a steep rise from 6.7 billion kroner in 2012.
The Denmark-based group aims to surpass the 10 billion kroner mark for 2014, and the board has decided to reward the company's shareholders with a dividend payout of 6.5 kroner per share.
“2013 has been a strong year for Pandora. We recorded our highest revenue ever and increased our profitability,” Pandora's chief executive, Allan Leighton, said in a press release.
Global revenue increase
Pandora’s financial results showed an increase in revenue in a number of major markets, including a 47.9 jump in Europe, a 37.1 percent rise in Asia Pacific and a 25.5 percent increase in the Americas.
Pandora expects to spend 550 million kroner on investments at its production facilities in Thailand and open more than 175 concept stores worldwide in 2014.
Pandora jewellery is sold in more than 80 countries across six continents at approximately 10,300 sales outlets, which includes approximately 1,100 concept stores