Pandora Sales Flat, Profits -41%
February 26, 13Group revenue in 2012 was DKK 6.65 billion ($1.17 billion), down 0.1 percent year-over-year. The toughest blow was in the Asia Pacific region where revenues fell 17.5 percent in local currencies.
Net profit decreased to DKK 1.2 billion ($210.5 million).
Pandora expects revenue for 2013 to be above DKK 7.2 billion ($1.26 billion)
During 2013 Pandora intends to open approximately 150 Concept stores.