0850 GMT - Pandora's results are broadly mixed, with 4Q performance in line with expectations but guidance softer than anticipated, RBC Capital Markets analyst Piral Dadhania says in a note. The Danish jeweler reported revenue of 11.97 billion Danish kroner ($1.67 billion) for the final quarter of 2024, up 11% organically on year. Analysts had forecast revenue of 11.85 billion kroner, according to company-compiled consensus. However, the group's guidance of organic revenue growth between 7% and 8% in 2025 is slightly softer than expected, which could prompt low-single-digit earnings revisions, the analyst says. The company expects the EBIT margin target by 2026 at the lower end of the 26% to 27% range, which will likely be received with some caution, Dadhania says. Shares are down 1.3% at 1,356.50 kroner. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
February 05, 2025 03:50 ET (08:50 GMT)
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