Pandora Braces for Showdown With Owners After Market Meltdow

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Pandora Braces for Showdown With Owners After Market Meltdow

Postby Kate19 » Tue Jan 16, 2018 7:23 am

Pandora A/S is preparing to face shareholders in person just days after a disappointing set of results wiped more than a tenth off the Danish jewelry maker’s market value.

Chief Executive Officer Anders Colding Friis and the departing head of finance, Peter Vekslund, are due to host pandora berlocker capital markets day in Copenhagen on Tuesday. It will be the first such event since 2016. Back then, an investor day in Bangkok followed strong Christmas sales and a 73 percent share-price gain the previous year.

This time, pandora berlocker rea will be asking management to explain a development that resulted in a 27 percent share-price decline in 2017, and steep losses in early 2018. Management said on Thursday it didn’t quite live up to its targets for last year and signaled profit growth will be more modest through 2022. The only investors to profit last week were the hedge funds that bet against Pandora, after consistently ignoring its assurances.
Reversal of Fate

Pandora used to be a stock-market darling, always exceeding its guidance. Pandora ringar shares jumped 17-fold in the five years through 2016 as management beat market expectations quarter after quarter and revenue and net income both tripled. But as the company has grown, Friis has tried to make the point that a bigger base means slower growth. That pandora ringar rea is proving hard to get across.

“Investors are very unsure and are constantly changing their minds, which is rather understandable,” Per Hansen, an investment economist at Nordnet, said in a note. “These things take time -- the uncertainty has now lasted almost a full year, and it’s highly doubtful that investors will be able to reach a final conclusion” after the capital markets day, he said.

Pandora is scheduled to present on the following topics at the capital markets day:

The balance of increasing sales significantly in rings, earrings and necklaces while maintaining growth in its core category of charms and bracelets
Keeping the manufacturing process agile while offering new products
Bringing the customer brand experience into the digital space
Pandora’s transformation from wholesale to retail with more fully owned concept stores.
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