Pandora: annual objectives exceeded, the title progresses

( – The Pandora title gained some ground on Tuesday after the Danish jeweler reported preliminary annual results above his targets.

As midday approaches, the shares of the world’s leading jeweler rose 1.5%, a performance broadly in line with the OMXC25 index of the Copenhagen Stock Exchange.

In a statement released this morning, the group known for its rings and bracelets for women reported a ‘strong’ fourth quarter, which resulted in record sales for the last three months of the year.

As a result, its constant store sales climbed 23% in provisional data for the whole of the 2021 fiscal year, compared with a target that was between 18% and 20%.

Its operating margin (Ebit) is estimated at around 25%, while the group had set itself a target of a figure ranging from 24% to 24.5%.

Pandora, whose share price had appreciated by 21% last year, plans to publish its final fourth quarter results on February 9.

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