Pandora A/S Upgraded financial guidance for 2021. The company Expectations for organic growth are increased to “16%-18%”, from “Above 12%”, and expectations for EBIT margin are increased to “23%-24%”, from “Above 22%”. The updated guidance is based on the assumption that 5% of the stores will be temporarily closed or severely impacted due to COVID-19 during the second half of 2021 (previously 5-10%). Today, around 6% of the stores are temporarily closed or severely impacted due to COVID-19. The updated guidance also assumes that COVID-19 will have no major negative impact on production and supply chain. COVID-19 is still expected to impact organic growth negatively by around -6% for the full year.
Pandora A/S specializes in the design, manufacturing and marketing of jewelry and related items. Net sales break down by product family as follows:
- charms and carriers (78%);
- other (22%): rings, necklaces, pendants, earrings, chains and diamonds.
At the end of 2023, the group had 6,686 points of sale (of which 2,651 concept stores) worldwide.
Net sales are distributed geographically as follows: Denmark (0.1%), the United States (29.9%), the United Kingdom (14.4%), Italy (9.7%), Germany (4.9%), Australia (4.8%), France (4.5%), China (2.8%) and other (28.9%).