The modular bracelets of Pandora, joined with earrings and pendants, are booming. Based on preliminary reports, the turnover of the Danish company for 2015 has increased by about 40% compared to 2014, reaching 2 billion. The increase in sales, we say to the lovers of finance, it has been facilitated by the favorable currency change over the previous year to about 11%. All regions in which they are distributed Pandora jewelry have contributed a double-digit growth in local currency in the fourth quarter, primarily driven, with growth than more Christmas sales than expected. Revenue we said. But how earns Pandora on every bracelet that sells? Here is revealed: gross margin (Ebitda) is around 37%. We translate for the layman. On a bracelet from 100 Euro, Pandora earns gross 370. This figure, however, we must subtract the interest (financial management), taxes (fiscal management), the depreciation of assets and depreciation. What remains are the net profits and will be announced in February. Federico Graglia
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