PANDORA REPORTS 2015 PRELIMINARY REVENUE OF DKK 16.7 BILLION


Based on the preliminary reporting, PANDORA’s revenue for 2015 increased approximately 40% compared to 2014 to DKK 16.7 billion, which compares to a financial guidance of above DKK 16 billion. The increase includes tailwind from foreign exchange rates of around 11%, compared to a tailwind of around 10% anticipated in November 2015 in connection with the announcement of the Q3 2015 report. 

All geographic regions contributed with double digit growth in local currency in the fourth quarter, primarily driven by better than expected Christmas sales.

Other financial guidance remains unchanged. PANDORA continues to expect an EBITDA margin around 37%. CAPEX is expected to be approximately DKK 1,000 million and the tax rate is expected to be 30%.

The Annual Report 2015 will be released on 9 February 2016, where executive management will elaborate further on the results.

  FY 2015
Updated guidance
FY 2015
Previous guidance
FY 2014
Actual
Revenue, DKK billion 16.7 >16.0 11.9
EBITDA margin approx. 37% approx. 37% 36.0%
CAPEX, DKK million approx. 1,000 approx. 1,000 455
Effective tax rate approx. 30% approx. 30% 20%

 

ABOUT PANDORA
PANDORA designs, manufactures and markets hand-finished and contemporary jewellery made from high-quality materials at affordable prices. PANDORA jewellery is sold in more than 90 countries on six continents through approximately 9,500 points of sale, including more than 1,600 concept stores.

Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs more than 15,000 people worldwide of whom approximately 10,400 are located in Gemopolis, Thailand, where the company manufactures its jewellery. PANDORA is publicly listed on the NASDAQ Copenhagen stock exchange in Denmark. In 2014, PANDORA’s total revenue was DKK 11.9 billion (approximately EUR 1.6 billion).

CONTACT
For more information, please contact:

INVESTOR RELATIONS                            
Morten Raunholt Eismark                                             
VP Group Investor Relations                         
Phone +45 3673 8213                                    
Mobile +45 3045 6719                                  
MEDIA RELATIONS
Kristian Lysgaard
Director, Group Communications
Phone +45 4323 1774
Mobile +45 2556 8561

Magnus Thorstholm Jensen
Investor Relations Officer

Phone +45 4323 1739
Mobile +45 3050 4402
 

 


Attachments

PANDORA_Company Announcement_No_279_UK.pdf