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Pandora Annual Profit, Revenue Increase; To Buy Back DKK 4 Bln Of Shrs

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Pandora A/S (PANDY.PK), a jewelry manufacturer, Wednesday reported profit before tax of DKK 6.926 billion for the full year, higher than DKK 6.234 billion in the previous year.

Additionally, the company announced a share buyback of up to DKK 4 billion to commence from February 6 through January 30, 2026.

Operating profit increased to DKK 7.974 billion from DKK 7.039 billion last year.

Net profit rose to DKK 5.227 billion or DKK 64.6 per share from DKK 4.740 billion or DKK 55.1 per share a year ago.

Revenue for the year grew to DKK 31.680 billion from DKK 28.136 billion in the previous year.

For fiscal 2024, the company has proposed a dividend of DKK 20 per share.

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