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Subject Topic: Pandora shares dim as earnings fall short Post ReplyPost New Topic
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cherylwalters
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Joined: 20 October 2017
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Posts: 9
Posted: 20 October 2017 at 07:35 | IP Logged Quote cherylwalters


Danish jeweller
pandora necklace
chains
has disappointed shareholders with weaker than
expected profits and sales in the second quarter, but
maintained its full-year outlook.

The groupís
pandora necklaces
canada
investors have been on a rollercoaster ride
this year with the stock falling by a third from January to
May, before rebounding by a quarter then taking another 8
per cent tumble on Tuesday. Analysts say there is an
unusually high amount of short-sellers betting against the
group.

pandora necklace
pendants
before interest, tax, depreciation and
amortisation were DKr1.61bn ($255m) in the second quarter
compared with the average analyst forecast of DKr1.74bn.
Sales also came in lighter than predicted at DKr4.83bn
versus analystsí expectations of DKr4.9bn, although they
increased 12 per cent from a year earlier.

pandora necklace
charm
endured a torrid start to life as a listed
company after a profit warning in 2011 wiped out two-thirds
of its value. But it then became something of an
investorsí darling with its shares rising 30-fold in the
five years to mid-2016.†



Its success was built on sales of charm bracelets but it
has expanded into other areas of jewellery recently as well
as a partnership with Disney. Sales of rings, earrings and
necklaces rose 23 per cent in the second quarter, Pandora
added.

Nonetheless,
pandora necklace
price
management stuck to its full-year guidance and
underlined an improvement in the crucial US market. It is
targeting full-year sales of DKr23bn-DKr24bn and an ebitda
margin of 38 per cent. †


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