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Pandora sees disappointing growth

Christian Wenande
August 9th, 2016


This article is more than 8 years old.

Shares heading south this morning

Pandora not growing as well as expected (photo: Spi3Opule)

Despite unveiling a second quarter financial result this morning that showed double-digit growth in all its regions, Pandora still disappointed in terms of previous estimates.

Currency challenges have halved Pandora’s revenue growth measured in Danish kroner, which was down to 20 percent in the second quarter of 2016, compared to 41.4 percent in the same quarter last year.

READ MORE: Pandora reveals plans to open hundreds of new stores

Stock impacted
The good news is, measured in local currency, the growth only declined by one percentage point to 25 percent compared to the same period last year.

“Growth in all regions continued into the second quarter. EMEA and Asia Pacific maintained the strong momentum with double digit revenue growth, driven by positive double digit like-for-like growth and a continued improvement of the store network,” said Pandora’s CEO, Anders Colding Friis.

“Americas increased 10 percent in local currency, driven by 2 percent like-for-like growth in the US, a strong performance in the US eSTORE and the continuation of a successful concept store roll-out across the region. All regions were supported by our continued focus on product diversification into rings and earrings.”

The news sent Pandora shares tumbling slightly this morning.


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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”