Pandora Sees 3-6% Organic Growth in 2022; Starts DKK 3.3 Billion Share Buyback

Mittwoch, 09.02.2022 07:45 von PLX

• (PLX AI) – Pandora Outlook FY organic growth 3-6%.
• • Outlook FY EBIT margin 25-25.5%
• • Pandora says organic growth was 23% in January 2022
• • Pandora will buy back own shares for a maximum consideration of DKK 3.3 billion in the period from 9 February 2022 to 3 February 2023
• • Dividend DKK 16 per share
• • Strong and broad-based growth in Q4 with 12% sell-out growth vs 2019
• • US remained strong with sell-out growth of 39% vs Q4 2019
• • Performance in China was unsatisfactory and negatively impacted by COVID-19, Pandora said
• • Sell-out growth ended at -39% vs Q4 2019. Pandoras continue to see significant opportunities to grow in China