News

Advanced Search

Pandora Sales Rise Across All Regions

Aug 10, 2016 3:58 AM   By Rapaport News
Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
Pandora reported revenue surged 20 percent to $648 million (DKK 4.33 billion) in the second quarter driven by higher sales volume while prices were mostly stable. In local currency terms, revenue increased 25 percent, the Denmark-based jeweler said.

Growth occurred in all three of the company’s regional segments with sales in Asia Pacific up 43 percent, while in Europe, the Middle East and Africa they advanced 28 percent, and in the Americas by 5 percent. Group profit jumped 34 percent to $182.9 million.

“All regions were supported by our continued focus on product diversification into rings and earrings,” said Anders Colding Friis, Pandora’s chief executive officer (pictured).

Revenue from Pandora’s self-branded stores grew 39 percent and the company plans to grow this selling format. It expects to open more than 300 new concept stores in 2016 compared with a previous plan to add more than 275.

Pandora maintained its revenue guidance of more than $3 billion for the full year, implying it expects sales growth upward of 19 percent.
Tags: americas, Anders Colding Friis, asia pacific, concept stores, Denmark, earrings, EMEA, jewelers, Jewelry, Pandora, Rapaport News, retail, rings
Similar Articles
Pandora 150Pandora Launches Bangkok Factory
Jun 17, 2018
Pandora has opened a new manufacturing center in Bangkok, Thailand, aiming to speed up production and comply with
China 150China Cuts Import Tariffs on Jewelry
Jun 11, 2018
China has reduced import duties on 18 jewelry categories by reclassifying them as everyday consumer goods, according to the
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.