From GlobeNewswire:

Preliminary and unaudited results for 2023 show a double-digit organic growth of +12% in Q4. Key markets in Europe saw 5% growth, the US accelerated to +10% growth, and the Rest of Pandora saw +16% growth. Moments and Pandora ME collections saw +4% and +6% growth, while Timeless had +31% growth and Pandora Lab-Grown Diamonds saw +83% growth. The EBIT margin for Q4 2023 was 34%. Full-year 2023 organic growth reached +8%, exceeding the previously communicated guidance. The EBIT margin for 2023 landed at 25%, in line with the company’s guidance. CEO Alexander Lacik is pleased with the results and attributes them to the brand’s strength and great work of Pandora teams.



Read more: Strong Q4 sales lift full year