Quarterly profit of Pandora fell 25%

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Pandora Jewelry House, located in Denmark, in the third quarter lost 25% of profit before taxes, interest, depreciation and amortization. The quarterly EBITDA was 1 billion 450 million krones. According to experts, the profit was expected to be 1 billion 600 million krones. During the earnings period, the company reduced comparable sales by 3%. Weak quarterly results led to a deterioration in the forecast for Pandora sales growth for this year to 2-4% from previously expected 4-7%. The targeted indicator of EBITDA margin was confirmed at 32%.

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