Pandora CEO says share plunge ignores best profit outlook ever

Copenhagen

THE chief executive officer of Pandora, which has been under siege by hedge funds this year, says the market is ignoring the jewellery maker's growth potential. And to make sure investors get the message in future, management is looking into whether it can improve its communications.

"The developments in the share price have taken a lot of focus this year," CEO Anders Colding Friis told Bloomberg in an email. "Unfortunately, it seems the share price development has overshadowed the fact that Pandora on a business level has had a strong development."