The company Pandora Jewelry reported that for the fiscal year ended December 31, its revenues jumped 35.4% on a year-on-year basis to $ 1.66 billion (DKK 9.01 billion), Rapaport reports. The cost of sales for the reporting year similarly increased by 35.4% to $ 555 million (DKK 3.011 billion); Trade costs increased by 15% to $ 441 million (DKK 2.397 billion), and administrative costs - by 5.9% to $ 170 million (DKK 921 million).
Pandora's profit for 2013 jumped by 84.7% and reached $ 409 million (DKK 2.22 billion).
In the fourth quarter (including the Christmas season), the group's revenues showed an increase of 29.8% to $ 520 million (DKK 2.822 billion), and sales growth was observed in all regions of the group's activities. Sales in local currency in the Americas grew by 20%; sales in comparable stores increased by 5.1% on a year-on-year basis. Income in Europe increased by 45.3%, and sales in comparable stores - by 17.9%.
In the Asia-Pacific region, Pandora's revenues jumped 59.5%, while sales in comparable stores rose 25.5%.
The gross profit margin of Pandora for the 4th quarter increased to 68% compared with 64.5% a year earlier.