Sumary of Pandora posts record Q1 revenue, ups FY sales outlook despite ongoing uncertainty:
- Danish jewellery animal Pandora has inform record revenue in the first quarter of the year and upped its full-year sales guidance despite warning of ongoing uncertainty surrounding Covid and Russia’s war in Ukraine.
- Covid contacts China sales In China, where new Covid spikes act to contact the business, revenue was down 18 proportion.
- Pandora CEO and president Alexander Lacik Pandora told investors: We are very satisfy with the mighty begin to the year consign record revenue for the first quarter.
- Pandora’s revenue in the quarter came in at 5.7 billion Danish krone (765 million euro), up 21 proportion on an organic basis analyze to the prior year, and up 18 proportion analyze to pre-pandemic 2019 levels.