Danish jewellery maker Pandora on Wednesday reported a third-quarter operating profit above expectations and raised its full-year sales outlook.
Operating profit fell to 920 million crowns ($132 million)from a year-earlier 978 million, against a mean forecast in an analyst poll published by Pandora of 875 million, on organic sales growth of 11%.
Pandora said it now expected full-year organic sales growth of 5%-6%. Its previous forecast was for 2-5% growth. It maintained a full-year operating profit margin forecast of around 25%.