Jewellery maker Pandora posts Q1 profits slightly above forecasts

Danish jewelry maker Pandora reported first-quarter operating profit slightly above forecasts on Tuesday and said 90% of its 2,700 stores worldwide had been shut during the quarter due to the coronavirus lockdown.

First-quarter earnings before interest and taxes (EBIT) and excluding restructuring costs were 638 million Danish crowns ($93.29 million), compared with the 622 million crowns expected by 11 analysts in a poll compiled by Pandora.

($1 = 6.8391 Danish crowns)