GJ Town India

December revenue is above expectations!   Pandora started Q4 with positive organic growth in October and November. December has been impacted by phasing of revenue from December to November but underlying performance continues to be solid, and December revenue is above expectations.   The organic growth for 2020 is now expected to be at least 1 percentage point better than the high end of the guidance range of -14% to -17%. The EBIT-margin is expected to reflect the revenue performance and exceed the top end of the guidance range of 17.5% – 19.0%. It should be noted that the financial results for 2020 are still subject to the usual year-end audit. On average, more than 10% of the physical stores were temporarily closed during Q4 2020. The negative impact on performance from COVID-19 store restrictions appears to have been offset by a non-recurring positive impact from reallocation of consumer spending away from travelling and services towards gifting and discretionary good...

  Pandora -5% organic growth in Q3 2020   Pandora, strong underlying sales performance leading to -2% sell-out growth and -5% organic growth in Q3 2020 and its’ Online organic growth was 89% in Q3 2020. Q3 2020 EBIT margin excluding restructuring costs was around 17% and better than expected driven by the favourable revenue development! Despite the continued uncertain and unpredictable macroeconomic environment caused by Covid-19, Pandora now expects organic growth and EBIT-margin for 2020 to end in the upper half of the previously announced guidance range,  1: Updated organic growth guidance: -14% to -17% (previous guidance: “-14% to -20%”), 2: Updated EBIT margin guidance: 17.5% to 19.0% (previous guidance: “16% to 19%”).   In the third quarter of 2020, the underlying brand momentum continued to develop strongly as Pandora experienced a further improvement in the majority of the main markets.  In markets where the physical store network is open, a high conve...