Popular jewellery brand Pandora has reported that its revenue has increased 6% in the Americas and 18% in the EMEA regions (Europe, the Middle East and Africa), whilst figures show revenue grew 46% in the brand’s Asia Pacific division.
Meanwhile, revenue was up 16% in the UK in local currency, however it dropped 3% in reported revenue due to the depreciation of the British pound.
Other figures show that concept store like-for-like sales increased 4% due to positive growth in EMEA and Asia Pacific but flat development in Americas, however like-for-like sales in the US climbed 3%.
Elsewhere, EBITDA grew 27% to DKK 1,842 million in the period, corresponding to an EBITDA margin of 39.9% compared with 37.2% a year earlier.
Net profit for the quarter was DKK 1,405 million compared with DKK 1,006 million in the third quarter of 2015.
Chief executive of Pandora, Anders Colding Friis, commented: “Following a strong first half of 2016, PANDORA continued the positive momentum into Q3, with strong growth in particularly Southern Europe and Asia Pacific.
“Additionally, the US continued to deliver solid growth supported by positive like-for-like. The increase was driven by double digit growth across all product categories supported by an attractive and relevant product offering.
“Finally, we improved profitability and increased the EBITDA-margin to 39.9% driven by operational leverage as well as lower realised commodity prices.”