Pandora Has Achieved Strong Sales Growth In The Latest Quarter.

Last year, Pandora and Disney reached a cooperation agreement to introduce Disney's classic animation into their jewelry design, boosting sales growth.

In addition, Pandora's online trial platform in the UK has responded well and will launch online stores in large numbers.

In March 1st, Anders Colding Friis, who took charge of Scandinavia tobacco group, took over Alan Leighton as Pandora's new chief executive officer.

Jewellery brand Pandora released the first quarter of this year (up to March 3, 2015) performance report (1 Denmark, kronor equals 0.93 yuan) sales surged 36.8% to 3 billion 500 million francs, continued the strong momentum of the last quarter (40.4% increase), showing two digit growth in all regions; operating profit increased 39.6%, up from 887 million DK to 1 billion 240 million DK, exceeding analysts' expected 1 billion 170 million DK; net profit decreased by 45.6%, from the DDK to the DDK.

The expansion of stores and marketing activities increased the group's financial expenditure by 35.4% to 2 million 300 thousand dkrona.

On 7 May, the Danish Krona tax was paid to Danish tax authorities for 364 million. This year, the total income tax and interest rates from 2009 to 2014 were 995 million.

Regarding tax matters, Peter Vekslund, chief financial officer of Pandora, said: "as an international company involving many multinational companies in the world, the continuous tax investigation is normal, but I can say that we will no longer be subjected to similar investigations for the time being."

Expected adjustment in 2015:

Sales are expected to increase from 14 billion Danish kronor to 15 billion DK.

Interest rate depreciation and amortization profit (EBITDA) ratio of sales is expected to remain around 37%.

Promoted the whole year

Budget.

From the regional perspective:

In the Asia Pacific region, sales in local currency increased by 34.9% over the same period last year.

Pandora Anders ColdingFriis, the new chief executive, said that this year Pandora will focus on Japan and China's two major markets, including opening new stores.

Last year, 12 new concept stores were opened in Australia. During this period, the total sales volume of the ring sales increased to 58%, and 8 new stores in Hongkong increased by 100%.

The strategic focus of the US and Brazil is to expand sales through network expansion.

Britain, Germany and other European markets are growing strongly, and the market is very optimistic.

The performance of Canada and Russia is not optimistic.

Canadian store sales fell 8% year-on-year, while Russian sales slumped by 75%. As for comparable sales, Canada rose and Russia was flat.

Despite the challenging economic environment of Russia, the group predicts that the negative trend will not continue in the coming quarters.