Pandora, highly profitable, enhances annual forecast

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24 September 2021 à 17h07

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Publication: 24 September 2021 à 17h07

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Publication

24 September 2021 à 17h07

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Publication: 24 September 2021 à 17h07

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In Q2 2021, Pandora’s turnover (jewellery and accessories) increased by 13% compared to the same period in 2019.

The group raised annual forecasts. Highly profitable, it is targeting a net margin of 18% of turnover this year. The Danish retailer, which is continuing an extraction from wholesale (which now accounts for only 31% of the business), has nevertheless gone through three difficult years. Sales fell in 2017, 2018 and 2019. Eager to turn the business around, it aims to focus o

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