Pandora with a strong cash position in 2021
Continued brand momentum drives strong performance Covid-19 creates elevated uncertainty about 2021 Looking at the key highlights, it is reported that, Pandora delivered a strong finish to the year with 4% organic growth in Q4 2020 despite Covid-19 lockdowns. 10% of the stores were temporarily closed during Q4. Online organic growth was 104% and online contributed 32% of total revenue. Looking at the key highlights, it is reported that, Pandora delivered a strong finish to the year with 4% organic growth in Q4 2020 despite Covid-19 lockdowns. 10% of the stores were temporarily closed during Q4. Online organic growth was 104% and online contributed 32% of total revenue. The strong Q4 performance resulted in full year organic growth of -11%, which is ahead of the guidance provided in November 2020 (-14% to -17%). China, as expected, under performed Covid-19 cause’s elevated uncertainty to the trading environment in 2021. Excluding Covid-19 impact, Pandora expects underlying