Pandora first-quarter sales above estimates, raises sales guidance

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Pandora now expects full-year organic growth to come in between 4% to 6%, versus a previous forecast of 3% to 6%, but said the forecast for 2022 was subject to “elevated uncertainty”.

The company said it saw sales in the first quarter grow 21% to 5.7 billion Danish crowns, above an average of 5.2 billion expected by analysts in a poll compiled by the firm in April.