Q4 2021 was another strong quarter for Pandora, with robust and broad-based growth across most key markets. Revenue in the fourth quarter as well as for the full year 2021 is the highest ever for Pandora. Importantly, total sell-out also reached a historical high in Q4 2021.
The preliminary and unaudited results for 2021 exceed the guidance communicated on
Preliminary and unaudited results full year 2021:
Preliminary results | Guidance | |
Organic growth, % | 23% | 18-20% |
EBIT margin, % | 25% | 24-24.5% |
Preliminary and unaudited key financial highlights:
DKK billion | Q4 2021 | Full year 2021 |
Revenue | 9.0 | 23.4 |
EBIT | 2.7 | 5.8 |
Organic growth, % vs 2020 | 10% | 23% |
Organic growth, % vs 2019 | 15% | 9% |
Sell-out growth*, % vs 2020 | ~10% | ~20% |
Sell-out growth*, % vs 2019 | ~12% | ~7% |
EBIT margin, % | 30% | 25% |
*incl. temporarily closed stores
On average, a low single digit percentage of the physical stores were temporarily closed during Q4 2021 due to COVID-19. Furthermore, physical stores in a number of markets were negatively impacted by other restrictions, not least in
The Q4 results include around
Revenue and organic growth per key market (preliminary and unaudited)
DKK billion | Q4 2021 | FY 2021 | Organic growth vs Q4 2020 | Organic growth vs Q4 2019 | Organic growth vs FY 2020 | Organic growth vs FY 2019 |
US | 2.5 | 7.0 | 18% | 42% | 58% | 56% |
0.2 | 1.1 | -36% | -51% | -13% | -43% | |
1.5 | 3.3 | 6% | 17% | 7% | 14% | |
1.0 | 2.4 | 17% | 13% | 21% | 8% | |
0.5 | 1.1 | -12% | 9% | -4% | -1% | |
0.5 | 1.1 | 1% | 1% | -3% | -4% | |
0.5 | 1.2 | 14% | 23% | 17% | 24% | |
Total top 7 | 6.7 | 17.4 | 8% | 18% | 23% | 17% |
Rest of Pandora | 2.3 | 6.0 | 16% | 8% | 23% | -7% |
Total revenue | 9.0 | 23. 4 | 10% | 15% | 23% | 9% |
Pandora will, as planned, announce the detailed and audited financial results in the Q4 2021 Interim Report to be released on
About Pandora
Pandora is the world’s largest jewellery brand. The company designs, manufactures and markets hand-finished jewellery made from high-quality materials at affordable prices. Pandora jewellery is sold in more than 100 countries through 6,700 points of sale, including more than 2,600 concept stores.
Headquartered in
CONTACT INVESTOR RELATIONS John Bäckman VP, Investor Relations, Tax & +45 5356 6909 jobck@pandora.net Investor Relations Director +45 3050 1174 kram@pandora.net | CORPORATE COMMUNICATIONS Director External Relations +45 4060 1415 jome@pandora.net |
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