Money newspaper shows, Pandora jewelry in American market sales year-on-year growth of 4.1%, while the European market sales decline, down 28.6% year-on-year, the Asia-Pacific market Pandora beads drops 1% compared to the same period. But Pandora said that the company will maintain full-year 2011 sales expectations.
Although Pandora jewelry business income and the profits have decreased compared with last year, but according to its poor financial results for the two quarter performance and economic crisis, this result than analysts expected. Stock markets on the company released the third quarter results showed a positive reaction, Pandora jewelry in share prices on the Copenhagen stock exchange in 22 days after the opening of the 3.5 hours up to 12.3%.
In August this year, the Pandora company published second quarterly financial statements, substantially lower operating in 2011 is expected at the same time dismissed the then chief executive Mikel Vidrine Ou Ersen. The message is announced that day, Pandora jewelry in Copenhagen stock exchange stock price fell 73%.
Pandora jewelry business philosophy is civilian affordable "luxury", but in recent years its product prices rose 15%, analysts believe that Pandora jewelry from the original customer base. The Pandora sale board decided in 2011 and 2012, prices will not rise again.
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