Danish jeweller Pandora reported a 12 per cent growth in the fourth quarter of 2023, thanks to robust holiday sales alongside strong performance of signature collections.  

The company stated, “Continued brand momentum drove strong performance across the key trading events of Black Friday and Christmas.” 

Fourth-quarter revenues reached DKK10.8 billion (around US$1.59 billion), bringing the company’s preliminary and unaudited 2023 revenues to DKK28.1 billion (approximately US$4.13 billion) from DKK26.5 billion (about US$3.89 billion) in 2022. 

Overall organic growth was up 8 per cent, exceeding its previous full-year guidance of 5 per cent to 6 per cent announced in early November.  

The jeweller reported solid growth across key markets: Europe was up 5 per cent while the US and other markets rose 10 per cent and 16 per cent, respectively. Collections such as Moments and Pandora ME also performed strongly while Pandora Lab-Grown Diamonds saw an 83 per cent uptick.

Alexander Lacik, president and CEO of Pandora, commented, “It is clear that our brand resonates well with consumers and continues to gain strength. The success in 2023 is also testament to the great work of Pandora teams around the world, who have helped take the Phoenix strategy to the next level.”