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Pandora Jewelry House, located in Denmark, in the third quarter lost 25% of profit before taxes, interest, depreciation and amortization. The quarterly EBITDA was 1 billion 450 million krones. According to experts, the profit was expected to be 1 billion 600 million krones. During the earnings period, the company reduced comparable sales by 3%. Weak quarterly results led to a deterioration in the forecast for Pandora sales growth for this year to 2-4% from previously expected 4-7%. The targeted indicator of EBITDA margin was confirmed at 32%.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
The National Bank of Canada and Scotiabank reported acceptable second-quarter results on Tuesday. Both banks surpassed analysts’ estimates even though their respective profits suffered from loan-loss provisions due to the novel coronavirus ...
The first-quarter sales of Carlsberg (CARLb.CO) fell by 7% on Thursday. While the Dutch brewing company anticipates further decline in its second-quarter sales due to beer demand in grocery stores, it failed to consider the closure of pubs ...
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