1217 GMT - Pandora's sales momentum remains intact, but there's no silver bullet in mitigating precious metals inflation in 2025, Citi analyst Thomas Chauvet writes. The Danish jeweler narrowed its sales target for the current year towards the high end of its prior forecast. This confirms the brand's momentum, Citi says. The company projects organic revenue growth between 11% and 12% for 2024 as a whole. Pandora seems to have a promising future, the analyst says. However, it will have to outline more actions to mitigate recent silver price inflation towards $33 per ounce. Such measures include further price increases, reduced silver usage and potential cost reduction measures, the analyst says. Shares are down 4.5% at 1,012 Danish krone. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
November 06, 2024 07:17 ET (12:17 GMT)
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