Danish jewellery giant outpaces expectations

Pandora lifts 2016 sales forecast on the strength of better-than-expected results

Shares in Danish jewellery maker Pandora have risen after the company reported a 34 percent rise in quarterly sales of its charms and bracelets. The company has boosted its profit and revenue forecasts for the year.

The shares rose as much as 8.8 percent on the Danish Stock Exchange in Copenhagen to reach their highest level since early February.

“We have had a very strong start to the year, with all geographic regions and product categories delivering double-digit growth rates,” said Pandora head Anders Colding Friis.

More stores on the way
Friis said that Pandora’s sales had been boosted by the company’s expanding global network of stores.

Pandora added 405 stores over the past year and now has over 1,800 shops. It expects to add more than 275 new concept stores during the year, up from a previous estimate of 250.

The company increased its sales forecast for 2016 to over 20 billion kroner, up from its previous target of over 19 billion kroner. It also lifted its earnings forecast.

TOP STORIES

  • Danish Intelligence Service: Threat from Russia has intensified

    Danish Intelligence Service: Threat from Russia has intensified

    In the internal Danish waters, Russia will be able to attack underwater infrastructure from all types of vessels. The target could be cables with data, electricity and gas, assesses the Danish Defense Intelligence Service

  • Denmark to explore screening citizenship applicants for anti-democratic sentiments

    Denmark to explore screening citizenship applicants for anti-democratic sentiments

    A few weeks after Alex Vanopslagh’s comments about “right values,” the government announced that an expert committee would be established to examine the feasibility of screening citizenship applicants for anti-democratic attitudes.

  • The Future Copenhagen

    The Future Copenhagen

    The municipality plan encompasses building 40,000 houses by 2036 in order to help drive real estate prices down. But this is not the only huge project that will change the shape of the city: Lynetteholmen, M5 metro line, the Eastern Ring Road, and Jernbanebyen will transform Copenhagen into something different from what we know today

  • It’s not you: winter depression is affecting many people

    It’s not you: winter depression is affecting many people

    Many people in Denmark are facing hard times marked by sadness, anxiety, and apathy. It’s called winter depression, and it’s a widespread phenomenon during the cold months in Nordic countries.

  • Crime rates are rising, but people are safer

    Crime rates are rising, but people are safer

    Crime in Denmark is increasing for the second consecutive year, but it is more focused on property, while people appear to be safer than before. Over the past year, there were fewer incidents of violence

  • Novo Nordisk invests 8.5 billion DKK in new Odense facility

    Novo Nordisk invests 8.5 billion DKK in new Odense facility

    Despite Novo’s announcement that its growth abroad will be larger than in Denmark, the company announced this morning an 8.5 billion DKK investment for a new facility in Odense. This is the first time the company has established a new production site in Denmark this century.

Connect club

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

Sign up here

Career

Want to advertise your job with CPH Post?

Contact us

Jobs