Danish jeweler Pandora A/S (PNDORA. KO) is to more than double cash returns to shareholders this year while continuing to open more stores after posting strong growth across its business, with the exception of the Americas. The company--which sells charm bracelets, rings and earrings at around 8, 100 stores worldwide-- said on Tuesday that it will return 4 billion Danish kroner ($575 million) in dividends in 2017, including an ordinary dividend of [url=http://www.pandoraeve.co.uk/]pandora charms sale clearance[/url] 9 kroner a share. In addition, Pandaro plans three extraordinary quarterly dividends of 9 kroner for the first, second, and third quarters this year, with a 1. 8 billion kroner share buyback also planned.
The company "significantly improved our global branded presence" in the year, said Chief Executive Anders Colding Friis. "Cash-flow generation continued to be solid, and we propose to almost triple the total dividends in 2017 to DKK36 per share. ""This is of [url=http://www.pandoraeve.co.uk/pandora-new-arrival]pandora winter 2017[/url] course a token of our strong belief in the business, but also to align our cash return with our shareholders' preferences, " the CEO said.
Net profit rose 52% to 2. 09 billion Danish kroner in the three months to end-December. from 1. 38 billion kroner in the same period a year earlier. Analysts polled by FactSet had expected a net profit of [url=http://www.pandoraeve.co.uk/pandora-category/pandora-charms/dangle-charms]pandora dangle charms[/url] 2. 01 billion kroner. The jeweler said revenue rose 16% to 6. 6 billion kroner, up from 5. 68 billion kroner. Pandora's operating margin rose to 38. 7% from 35. 2% last year.
The company said revenue in 2017 is expected to [url=http://www.pandoraeve.co.uk/pandora-category/pandora-rings/birthday-rings]pandora birthday rings[/url] increase to around DKK23 billion to DKK24 billion at a profit margin--before interest, taxes, depreciation and amortization--of around 38%. Pandora plans to open more than 275 new concept stores during the year, with roughly 50% to be opened in Europe, Middle East and Africa, 25% in Americas and 25% in Asia Pacific. -Write to Dominic Chopping at dominic. chopping@wsj; Twitter: @domchopping @WSJNordics.
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