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Pandora’s Sales +40% in 2015
Jan 10, 2016 10:10 AM
By Rapaport News
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RAPAPORT... Pandora reported
preliminary revenue surged 40 percent to $2.44 billion (DKK 16.7 billion) over
the year to December 31, in line with its guidance released in November.
A “tailwind” from foreign-exchange rates of about 11
percent was one percentage point higher than the previous estimate, the
Denmark-headquartered company said in a statement January 6. The full-year sales
compare with a
32.5 percent jump in revenue in 2014.
The company had forecast sales of above $2.34 billion in 2015.
All geographic regions contributed “double-digit growth”
in local currency in the fourth quarter of 2015, primarily because of better-than-expected
Christmas sales.
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Tags:
data, Denmark, Pandora, Rapaport News, results, retail
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