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Pandora hails strong third quarter results

Pandora delivered organic growth of 11% in its third quarter as it continued to work to change its perception into a full jewellery brand. During the…

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Pandora hails strong third quarter results

8 November, 2024 | by Angela Beevers

Pandora delivered organic growth of 11% in its third quarter as it continued to work to change its perception into a full jewellery brand.

During the period, sales increased by 9.5% to £682 million while EBIT rose by 6.8% to £110 million.

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The company said its new Pandora Essence collection, which launched in the previous quarter, has been well received by customers and is driving strong revenue.

Meanwhile, Pandora’s personalisation services are continuing to be popular with engraving growing by more than 100% in the period.

Alexander Lacik, president and chief executive of Pandora, said: “We are very pleased with our strong results this quarter, particularly in the context of the current macroeconomic backdrop.

“We are transforming the perception of Pandora into a full jewellery brand and unlocking the next chapter of our growth by attracting more consumers to our brand.

“Step by step we are capturing the many untapped opportunities, and we will continue to invest in our strategic growth initiatives.”