Pandora exceeds full-year guidance after strong Q4 sales
Furthermore, Pandora’s EBIT margin for 2023 was 25%, in line with the company’s guidance of around 25%
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Pandora has revealed that its results for 2023 su expectations following an organic growth of 8% for the full-year, exceeding the “5 or 6%” growth forecast in November.
The company’s Q4 2023 organic growth accelerated to +12% boosted by like-for-like growth of +9%.
Key markets in Europe remained solid at 5% growth, whereas the US market accelerated to 10% growth.
Furthermore, Pandora’s EBIT margin for 2023 was 25%, in line with the company’s guidance of “around 25%”.
Alexander Lacik, president and CEO of Pandora, said: “We are very pleased with our results across the peak trading season, and how we closed 2023. It’s clear that our brand resonates well with consumers and continues to gain strength. The success in 2023 is also testament to the great work of Pandora teams around the world, who have helped take the Phoenix strategy to the next level.”
