Danish jeweller Pandora reported robust growth in 2021 on the back of sturdy business recovery in major markets, led by the US. Last year’s performance also exceeded the company’s full-year guidance.

Preliminary data showed a 23 per cent year-on-year organic growth by end-2021, up from a guidance of 18 to 20 per cent. Fourth-quarter 2021 revenues rose 10 per cent to DKK 9 billion (around US$1.37 billion).

“Q4 2021 was another strong quarter for Pandora, with robust and broad-based growth across most key markets. Revenue in the fourth quarter as well as for the full year 2021 is the highest ever for Pandora,” the company announced.

Pandora, which popularised eclectic charm bracelets, temporarily closed 5 per cent of its stores that were severely impacted by Covid-19 in Q4 2021.

The jeweller's top markets however performed strongly in Q4 - led by the US, the UK and Italy. 

“The recent escalation of Covid-19 continues to drive some uncertainty with regards to financial performance in 2022,” revealed Pandora. The company is set to announce its detailed and audited financial results in February.