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    PNDORA   DK0060252690

PANDORA A/S

(PNDORA)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 01/21 08:59:20 am
754.3 DKK   -3.37%
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U.S. jewellery sales continue at strong pace even after halt to stimulus - Pandora CEO

11/03/2021 | 03:58am EST
FILE PHOTO: The Pandora logo is seen in jewellery shop in downtown Rome

COPENHAGEN, Nov 3 (Reuters) - Jewellery sales in the United States have continued at a strong pace even after stimulus checks stopped in September, the chief executive of Pandora said on Wednesday.

Sales at the world's largest jewellery maker by production capacity in the United States, where it has around 570 shops, rose 59% in the third quarter compared with the same period in 2019.

"It's no secret that this is very much propelled by the stimulus check," CEO Alexander Lacik said.

"We had expected sales to cool off when stimulus checks stopped in September. So far we haven't seen that cooling off," he said, adding that credit card data shows Pandora is taking market share in the United States.

It remains to be seen when the growth will begin to abate, he said.

"So far it looks very strong," Lacik said.

The company's shares fell on Monday after the company said sales from Pandora stores fell below expectations in the third quarter. The shares were trading 3.3% higher at 0830 GMT on Wednesday. (Reporting by Jacob Gronholt-Pedersen, Editing by Louise Heavens)


ę Reuters 2021
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Analyst Recommendations on PANDORA A/S
More recommendations
Financials
Sales 2021 23 394 M 3 564 M 3 564 M
Net income 2021 4 359 M 664 M 664 M
Net Debt 2021 3 895 M 593 M 593 M
P/E ratio 2021 17,7x
Yield 2021 2,00%
Capitalization 74 442 M 11 339 M 11 341 M
EV / Sales 2021 3,35x
EV / Sales 2022 3,16x
Nbr of Employees 26 000
Free-Float 93,2%
Chart PANDORA A/S
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Pandora A/S Technical Analysis Chart | PNDORA | DK0060252690 | MarketScreener
Technical analysis trends PANDORA A/S
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 780,60 DKK
Average target price 965,20 DKK
Spread / Average Target 23,6%
EPS Revisions
Managers and Directors
Alexander Lacik President & Chief Executive Officer
Anders Boyer-S°gaard Chief Financial Officer & Executive Vice President
Peter Arne Ruzicka Chairman
David Walmsley Chief Digital & Technology Officer
Thomas Touborg Chief Supply Officer & Senior VP-Group Operations