COPENHAGEN, May 5 — Jewellery maker Pandora reported a 41 per cent decline in first-quarter operating profit today but said it was encouraged by higher online sales and the reopening of stores in Germany and some other some countries. Some 90 per cent of its 2,746 stores were shut during the...
A general view of the Pandora shop in Riga, Latvia Febuary 4, 2020. — Reuters pic
Some 90 per cent of its 2,746 stores were shut during the quarter due to the coronavirus lockdowns, the Copenhagen-based company said. Its earnings before interest and taxes and excluding restructuring costs were 638 million Danish crowns , which topped the 622 million crowns expected by 11 analysts in a poll compiled by Pandora.
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