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Jewellery chain Pandora slumps on gloomy
|Jewellery chain Pandora slumps on gloomy
Danish-listed shares in fashion jewellery chain pandora armband billig tumbled 15 per cent after it forecast margins would slip from 2018 onwards.
Known for its charm bracelets,pandora armband berlocker said it would aim to increase revenues at a steady clip of between 7 and 10 per cent (in local currency) from 2018 to 2022, by “significantly growing rings, earrings and necklaces and pendants” and a commitment to “launch a minimum of one new innovative jewellery concept per year”.
But pandora armband berlocker seems to be finding margin harder to deliver. It will miss its full year earnings before interest, taxation, depreciation and amortisation margin guidance of 38 per cent by a smidgen, it said on Thursday. On top of that, its new margin target will be lower still: 35 per cent from now on, compared to the 37.3 per cent it expects to achieve for the 2017 financial year.
Chief executive Anders Colding Friis said pandora charms sverige had struggled with a “difficult retail climate as well as an unfavourable currency development”.
Some analysts softened the blow by using the opportunity for puns in their commentary. Jordan Hiscott, chief trader at ayondo markets, had the following gems to offer.