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RAPAPORT... Jewelry brand Pandora increased its guidance for the fiscal year 2013, following better than expected performance in the first half. Pandora expects revenue to reach approximately $1.4 billion (DKK 8 billion) this year, which would translate into a year-on-year increase of 20 percent, and the figure is up 11 percent from earlier guidance of DKK 7.2 billion. Pandora expects an earnings before interest, taxes, depreciation and amortization (EBITDA) margin of approximately 27 percent, up from earlier guidance of 25 percent. The retailer also increased its capital expenditures to $71 million from $53 million given additional expansion of production facilities in Thailand. During the year, Pandora expects to open approximately 175 concept stores, nearly 25 more than originally planned.
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