Pandora has revealed that its outcomes for 2023 su expectations following an natural development of 8% for the full-year, exceeding the “5 or 6%” development forecast in November.
The corporate’s This fall 2023 natural development accelerated to +12% boosted by like-for-like development of +9%.
Key markets in Europe remained stable at 5% development, whereas the US market accelerated to 10% development.
Moreover, Pandora’s EBIT margin for 2023 was 25%, according to the corporate’s steerage of “round 25%”.
Alexander Lacik, president and CEO of Pandora, mentioned: “We’re very happy with our outcomes throughout the height buying and selling season, and the way we closed 2023. It’s clear that our model resonates nicely with customers and continues to realize power. The success in 2023 can also be testomony to the good work of Pandora groups all over the world, who’ve helped take the Phoenix technique to the following degree.”