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."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
HCA beats first-quarter profit estimates on higher patient admissions
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
EU toughens rules on Chinese fashion retailer Shein
Best World under fire from shareholders at AGM over dividends, director salaries
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years
Sheng Siong Q1 net profit up 9.3% on higher revenue