May 5, 2020 / 5:45 AM / a month ago

Jewellery maker Pandora posts Q1 profits slightly above forecasts

COPENHAGEN, May 5 (Reuters) - Danish jewellery 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 Reporting by Jacob Gronholt-Pedersen; Editing by Christian Schmollinger

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