- Pandora Boosts FY Organic Revenue Forecast: Now sees organic revenue growth between +9% to +12%, up from previous +8% to +10%.
- Market estimate for organic revenue growth is +11.8%.
- Pandora maintains its adjusted Ebit margin forecast at about 25%, with market estimate at 25.2%.
- Second Quarter Results:
- Ebit before significant items: DKK1.34 billion (meeting the estimate).
- Revenue: DKK6.77 billion, representing a +15% year-on-year increase (above the estimate of DKK6.68 billion).
- Organic revenue growth: +15% (beating the estimate of +13.1%).
- Regional Organic Revenue Performance:
- US: +14% (slightly below the estimate of +15%).
- UK: +4% (exceeding the estimate of +1.83%).
- Italy: -3% (below the estimate of +2.8%).
- France: +13% (surpassing the estimate of +7%).
- Other Key Metrics:
- Net income: DKK799.0 million (below the estimate of DKK827.9 million).
- EPS: DKK9.70 (slightly below the estimate of DKK9.88).
- Ebitda: DKK1.92 billion (exceeding the estimate of DKK1.81 billion).
- Ebit margin: 19.8% (in line with the estimate).
- Comments from Leadership:
- Alexander Lacik, President and CEO: “Thanks to our strong performance, we are again raising revenue guidance for 2024 and look to the second half of the year with optimism.”
- “Our strategy continues to take Pandora to new heights despite general consumer spending being somewhat sluggish.”
- Analyst Recommendations:
- 8 buy ratings, 11 hold ratings, and 2 sell ratings.
Pandora A/S on Smartkarma
Analyst coverage of Pandora A/S on Smartkarma reveals insightful research from Value Investors Club. The report, published by the platform, discusses Pandora A/S, a Danish jewelry company known for its customizable charm bracelets. With a lean towards bullish sentiment, the analysis highlights that over 70% of Pandora’s business is derived from charms, priced between £20 to £500. It also mentions the company’s vertical integration with production facilities in Thailand and Vietnam, its shift towards retail-heavy distribution, and its expansion into the lab-grown diamonds market, predominantly targeting female customers. The report provides valuable insights into Pandora’s strategic direction and market positioning.
A look at Pandora A/S Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to the Smartkarma Smart Scores, Pandora A/S presents a mixed outlook for investors. The company scored a 2 in Value, indicating moderate attractiveness in terms of valuation. With a Dividend score of 3, Pandora A/S shows a reasonable ability to pay out dividends to its shareholders. In terms of Growth, the company received a score of 4, reflecting strong potential for expansion. However, its Resilience score of 2 suggests vulnerability to certain market conditions. Finally, with a Momentum score of 3, Pandora A/S demonstrates a moderate trend in stock performance.
Pandora A/S is a company specializing in the design, manufacturing, marketing, and distribution of hand-finished and contemporary jewelry crafted from a variety of materials including sterling silver, gold, precious and semiprecious stones, and Murano glass. Its product offerings range from rings and bracelets to necklaces and earrings, catering to a wide audience seeking stylish and quality accessories.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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