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Pandora increases prices and sales

Published on November 9, 2022

To Pandora, a character from Greek mythology, Zeus entrusted a vase, with the warning never to open it. But curiosity was stronger and Pandora freed among men all the evils enclosed by the gods in the box. The jewelry manufacturer Pandora, on the other hand, does not have these problems: growing sales and profits come out of her box. The latest data refer to the third quarter of 2022. The Danish company recorded organic growth of 3% and a growth in sales of 1% compared to the third quarter of 2021 (+ 13% organic growth towards the corresponding period of 2019, pre-covid). Other data: Pandora’s largest product platform, Moments, recorded 2% growth compared to the third quarter of 2021. Diamonds by Pandora (synthetic diamond jewelry) launched in North America on August 25 and reached a share 3% sell-out.

But, despite everything, the United States recorded a 3% decline, as a result of the end of post-covid government subsidies, which evidently also served to buy jewelry. On the other hand, the United States recorded strong organic growth of 56% compared to 2019, in line with last quarter. Mixed signals from the UK and Australia, which recorded double-digit organic growth compared to 2021, while France is suffering from the impact of reduced promotional activity. And while Germany is doing well, Italy has seen some signs of weakening consumer sentiment.

Collana con pendente in oro 14 carati Pandora

Our growth path continues into the third quarter and we are ready for the November-December commercial peak with a fantastic product line-up. The launch of Diamonds by Pandora has been encouraging and new products will soon be added to the platform to fuel the holiday season. Despite the macro-economic and geopolitical uncertainty, the purchasing habits of our customers have remained substantially unchanged. Thanks to our financial strength and our position in the affordable gifts industry, we are well equipped to cope with a potential recession and to seize the most important investment opportunities, for example to expand our store network. We are already taking precautionary measures to ensure our profitability should circumstances change.
Alexander Lacik, President and CEO of Pandora

Alexander Lacik, presidente e Ceo di Pandora

It should also be noted that Pandora has raised the prices of some selected items in North America, while remaining in the affordable jewelry range. A similar price increase (4% on average) was implemented globally at the beginning of the fourth quarter: inflation does not spare the jewelry. From a financial point of view, it holds the gross margin. Finally, Pandora expects organic growth of 4-6% and an EBIT margin (gross profits) of 25.0-25.5% for the whole of 2022.

Bracciale in argento placcato oro rosa e cubic zirconia con ciondolo a forma di gatto

Gismondi 1754, six months with double digits

Published on September 24, 2022

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The accounts of Gismondi 1754, the historic Genoese jewelery company, listed on the Egm market (Euronext Growth Milan) of the Italian Stock Exchange, continue to be more than positive. The results of the first six months of 2022, the board of directors announced, confirm the trend of significant growth in the value of production, which stands at Euro 7.2 million, with a variation of + 84% compared to the corresponding period of 2021. The growth , according to the company, is determined thanks to the significant contribution of the Wholesale channel, with a strong increase in particular in the European area (+858.521 euros), and in the USA area (+731.881 euros), compared to the first half of 2021.

The results of the first half of the year fill us with pride and satisfaction; growing more than 80% responds to the promise made to those who believed in us and in our project. With tenacity and determination we have been able to face and will face the challenges of this period, and this has allowed us and will allow us to increase sales all over the world in an exciting and harmonious way. The macroeconomic context is not simple, nevertheless, with our strength and trust in our resources, we intend to continue decisively in the strategic positioning of Gismondi 1754 at a national and international level, maximizing the continuous appreciation that is reserved for our brand and our jewels. in every context in which we present ourselves. All the conditions are in place to continue at important growth levels also for the second half of the year.
Massimo Gismondi, CEO of Gismondi 1754

The Special Sales channel was also positive, the tailormade of Gismondi 1754, which in the first six months of 2022 contributed to the growth in revenues with + 19% compared to the same period of 2021 and sales of € 1,943,655. The Prague franchising also did well, which increased by 41%, and positive feedback also from Retail, which recorded an increase in absolute value of 739,981 euros. Among the income statement data, the EBITDA (gross margin) of 815,964 thousand euros (+166%) and a consolidated net profit of 374,469 thousand euros (+ 300%) should be noted. The debt position instead marks -328,112 thousand, compared to the consolidated figure of last December which was 290,408 thousand.

Couture Awards Design. Best in Diamonds above $ 20.000: Gismondi 1754

Brilliant prospects for Zancan jewels

Published on June 13, 2022

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Zancan’s jewels with a strong character are successful. According to what was communicated by the company from Ponte di Nanto (Vicenza), the 2021 financial statements closed with a record turnover of over 7 million euros, with double-digit growth compared to 2020 and an increase of around 5% compared to 2019. The increase, Zancan points out, is the result of several factors, including the development of distinctive collections, the geographical expansion of distribution and the push for e-commerce, inaugurated in 2017, which has had an average growth in these years of about 70-80%. The Venetian company is present in Italy in approximately 1,400 stores throughout the country, but it is above all the international markets that offer the greatest satisfaction. As regards abroad, at the moment the brand is present in over 600 points of sale: on the European market, in particular, since 2019 Zancan has focused on the development of the market of the so-called Dach countries (Germany, Austria, Switzerland) while for the 2022 the focus will shift to the development of the French market: there are already distribution agencies and agents in Portugal, Benelux, Switzerland, Germany, Austria and the Czech Republic.

On the other hand, Zancan’s presence in the Middle East in stores such as Levant in Dubai and Almajed in Qatar, which host major international brands, is ten years old: a strategic area in strong economic expansion, which represents enormous potential. The company therefore predicts that investments will therefore be required to accelerate. Zancan has also been present in North America for over twenty years, with a local representative and more than 200 stores. One of his next goals will be the opening of a company in the USA, in Miami, a strategic city considering that the Mexican market is also very significant and important for the brand. The products sold in Mexico, in fact, are all jewelry in 18-karat gold and diamonds and have an average selling price of around 20 thousand euros: this could be the starting point for Zancan to explore and develop the South American market. a geographical area that could prove to be particularly reactive, willing to spend on quality products and appreciating Made in Italy.

A prestigious position that fills us with pride and satisfaction. An important recognition for our work and for our professionalism. We therefore look to the near future with optimism also because during the recent participation in VicenzaOro and Jewelery Geneva, where we exclusively presented the second edition of the Cosmopolitan Luxury line and the latest addition to the Zancan house, the Couture Sapphire line, we were able to verify a strong appreciation for our collections and our work.
Riccardo Zancan, business manager of the company

On the marketing and communication front, for 2022, Zancan will continue the collaboration with Bugatti, one of the most prestigious and iconic brands in motoring, with a collection with an unmistakable style designed ad hoc, which has already had the merit of increasing the reputation of the brand and well represents the internationalization strategy of the Vicenza company. And for the Qatar Fifa 2022 World Cup, Zancan, through the partnership with the Almajed group, has been selected as a manufacturer of jewelery merchandise for men branded World Cup Fifa Qatar 2022.

Collana con pendente a croce con zaffiri

Brilliant quarter for Pandora

Published on May 4, 2022

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It seems that jewelry is going through a golden moment, even when almost all of its production is in silver. A pun to introduce the first quarter accounts of Pandora, the world’s largest company in the industry. Therefore, in the first three months of 2022 Pandora recorded strong organic growth + 21% compared to 2021 and + 18% compared to the corresponding period in 2019. The clarification is useful, because 2020 and 2021 were marked by the pandemic and, therefore, from an uneven sales trend. According to the company, it is all thanks to the strategy decided by the top, which also has a name (the strategy, not the top): Phoenix. It is essentially based on four principles: brand development, design, customization and focus on the US and China.

We are very satisfied with the excellent start of the year, with the revenue record in the first quarter. All of our product platforms support growth in Q1, which means that our ability to continuously deliver innovation pays off. The execution of the Phoenix strategy continues at a high pace and I am convinced that we still have many opportunities for growth ahead of us. Over the past two years, we have invested in building a strong organization, and this is increasingly visible in the numbers and in the way we lead the company.
Alexander Lacik, President and CEO of Pandora

In detail, the Pandora ME platform grew by 132% compared to the 2021 quarter and reached a 3% share of sales. Sales increase in the United States by 7% (62% compared to 2019) and with a plan with the acquisition of 32 franchise stores located mainly on the West Coast, as well as the start of a new partnership with Macy’s. On the other hand, however, the data in China were not positive and all business activities with Russia and Belarus were suspended: these are markets that represent approximately 1% of revenues. In the rest of Europe, on the other hand, the performance of the main markets marks double-digit positive organic growth compared to 2019 (UK and Italy both grew by over 30%). Online sales also performed well, also thanks to last year’s lockdown effect.

Anelli in argento con placcatura oro rosa 14 carati

However, the company also reports some critical points, due to the negative impacts of the war, the increase in costs, higher interest rates and the aftermath of Covid-19. For 2022, in any case, organic growth is expected at 4-6% (previously 3-6%), while the guidance of the Ebit margin (the gross margin) remains unchanged at 25.0-25.5%. But, Pandora warns, financial guidance for 2022 is subject to high uncertainty.

Anello con placcatura oro rosa 14 carati e cubic zirconia

For PdPaola it is expanding again

Published on April 28, 2022

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An increase of 25% over 2020: this is the increment in revenues of PdpPaola, an accessible jewelery company based in Barcelona, but with 2,000 points of sale in over ten international markets. Founded by brothers Paola and Humbert Sasplugas in 2014, the jewelry brand closed 2021 with a turnover of 30 million euros and is planning an expansion plan through the opening of new flagship stores. Also because the forecasts are rosy: a turnover of 52 million euros is expected for 2022.

Italy has consolidated itself as one of the most important countries, with a turnover of 2.7 million euros in 2021, with a growth of 44% compared to the previous year. In the Italian market the brand is currently omnichannel (ie both in traditional and online stores). In Italy, for example, in the retail sector, the brand is present in over 622 physical stores and plans to expand further in 2022.

Collana in argento sterling placcato in oro 18 carati, indossata — Orecchini in argento sterling placcato in oro 18 carati e cubic zirconia, indossati

Finally, after the debut on the market in 2021 with the first Fine Jewelry collection, made with the use of 100% recycled 18-karat solid gold and laboratory-grown diamonds (i.e. not extracted from the earth, but created in a production center), PdPaola underlines its commitment in the sustainable and social sphere, significantly reducing the environmental impact.

Anello in argento sterling placcato in oro 18 carati, indossato

Record first quarter for Gismondi 1754

Published on April 20, 2022

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Positive first quarter for Gismondi 1754, a Genoese company listed on the Euronext Growth Milan list of the Italian Stock Exchange. The company continues to disclose its consolidated sales management results on a voluntary basis. As of March 31st, therefore, Gismondi 1754 reported a consolidated turnover of 3.5 million euros (+ 153% compared to 1.4 million in the first quarter of 2021). ‘previous year, to which all the main sales channels of the Genoese brand contributed. The wholesale channel stands out, which as at 31 March 2022 was worth a total of 1.7 million, with an increase in particular in the USA (+ 391%) and Europe (+ 227%). The Special Sales segment has also almost doubled, from € 513,536 in the first quarter of 2021 to € 939,286 in the first part of 2022.

The Group’s first three months continue the exceptional growth trend that the Company has already shown with the year-end results. We are observing a growing enthusiasm and passion for our jewels which is then found daily in the sales data both in the wholesale and in the special sales area. The ongoing consolidation of the American market, combined with the upcoming commercial developments that we are planning in Italy and northern Europe, allow us to be very positive on the prospects for the year.
Massimo Gismondi, CEO of Gismondi 1754

The incidence on the turnover of the European area predominates, with 62%, in particular of the Swiss market, which represents 35% of revenues, followed by the Italian market, which accounts for 18%. The United States doubled the incidence, which, as of March 31, 2022, accounted for 18% of total revenues, while overall the other countries accounted for 20%, of which 9% is represented by Russia, a country towards which Gismondi 1754 has not no type of economic exposure. The company, not currently operating in the markets where the conflict is developing, does not detect direct elements that could affect the positive development of activities for the year 2022.

Bracciale in oro rosa, diamanti e ceramica bianca

Compared to the sales figures by sales channel, in the first quarter of 2022 the data relating to sales in the Wholesale channel and the Special Sales channel stand out, representing 49% and 27% of revenues respectively. The tailor-made vocation of Gismondi 1754 and its attention to building an exclusive relationship with the customer are therefore confirmed, while the retail channel (16%) remains stable in terms of incidence on revenues in the first quarter of 2022. which saw the restart of the S. Moritz shop, after a partial lockdown of the previous year, and a decline in the Galata shop which in the first quarter of 2021 had concluded an important sale that had given a significant boost to the turnover of the first quarter of the year, and the Prague franchise (9%).

Anello Clip Sintesi in oro rosa e diamante — Anello Clip Sintesi in oro rosa e diamanti

Golden year for Gismondi 1754

Published on April 2, 2022

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A year to frame that of Gismondi 1754, a Genoese jewelery company listed on the Euronext Growth Milan market of the Italian Stock Exchange. The company recorded a double-digit trend in 2021, as can be seen from the 2021 financial statements (drawn up in accordance with the IFRS international accounting standards, that is, respecting international accounting rules). One figure summarizes the meaning of an out of the ordinary year: the value of production was 9.96 million euros, up 47% compared to the 6.79 million of the previous year, even if 2020 was a year conditioned by the pandemic.

Alta gioielleria Gismondi 1754, collana in oro rosa e diamanti bianchi e fancy

We close the year with strong growth and with great enthusiasm we are projecting ourselves towards the objectives that will see us as protagonists in the coming months. We are facing extraordinary results, despite the fact that the context, between Covid and the international situation, was not the easiest to deal with. We are aware of the global difficulties and will continue to work with great attention, but we are equally convinced of the affirmation of the brand globally. All sales channels have performed and contributed positively to the achievement of these data and we cultivate a rational optimism that 2022 can also be characterized by growth and expansion in strategic markets where we are already present.
Massimo Gismondi, CEO of Gismondi 1754

The result was driven by the growth of the Wholesale channel, both at European level (+1.9 million euros compared to 2020) and in the United States (+1 million compared to 2020), but also by special sales, the “tailor-made” of the brand, which close 2021 up by 16%, with sales of almost 4 million. The only channel showing a slight decline was the Wholesale channel in the Middle East, waiting for new orders to restart at full capacity.

Collan ain oro rosa e zaffiro rosa Clip Mia

The financial statements include a consolidated Ebitda at 31 December 2021 growing to almost 1 million euro (+ 39%), stable at 10% due to huge investments in advertising, marketing and communication, for which the relative returns are expected in 2022. L ‘last line of the income statement shows a consolidated net profit of 351,280 euros, compared to 223,252 euros in 2020.

At the balance sheet level, the consolidated net is 9.21 million, an increase compared to the 8.87 of the previous year. The company, the note specifies, enjoys an excellent financial equilibrium since its own sources are five times what the fixed capital is, just as the consolidated sources are four times what the fixed capital is.

Collezione Dedalo, bracciale in oro rosa, diamanti e ceramica bianca

Gismondi 1754 also adds a sore point, which concerns the difficult management forecast for 2022, marked by the substantial closure of the Russian market. Situation “made extremely difficult by the exceptional nature of the events that characterize the current context, of which the Russian-Ukrainian conflict represents a new strong element of instability at the geopolitical, economic and financial markets”. Despite this, “the excellent performance of the months of January, February and March, with strong growth compared to the first quarter of 2021, bodes well for the 2022 trend”. The company also envisages “the continuation of the expansion policy in the various channels, with particular attention to the American market, which is in great expansion, to that of the United Kingdom and to the Gulf area, which has already given the first flattering results already in 2021 and in the first quarter of 2022. The opening of the new directly managed shop in Rome, inside the Regina Baglioni Hotel in Via Veneto, is also expected, following the framework agreement with the well-known hotel chain. Also with Baglioni, the opening of a new directly managed store in Milan is planned “.

Orecchini in oro rosa, smeraldi e zaffiri rosa

Cameo Italiano grows and focuses on exports

Published on March 15, 2022

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Anello con cammeo inciso a mano su argento con galvanica oro

Cameo Italiano, a Campania brand of handcrafted jewelery specializing in the creation of cameos, closed 2021 with more than 2.5 million euros in revenues. A positive figure for the company, which is also the result of strong exports: sales on foreign markets exceeded 75% of the overall market share and which allowed the company to continue its path of international development. In particular, the cameos were liked by the Chinese, where they recorded a growth of 300% on pre-pandemic data, with a market share of 16%. And precisely on China, Cameo Italiano has set itself ambitious goals given that the Torre del Greco company (which has a laboratory in Tarì di Marcianise) in 2022 wants to open five single-brand stores in luxury shopping centers in the main metropolises of the nation and plans to open an online sales channel dedicated to the Chinese market.

Bracciale con cammeo inciso su conchiglia sardonica e argento con galvanica oro

By market share, behind Italy (which holds a market share of just under 25%) Japan confirmed itself with 21%, where Cameo Italiano can count on a presence of over 30 years with different sales channels including including 60 stores within malls and 200 independent retailers nationwide. The company also indicates a substantial holding in the United States, supported by the sale in luxury malls and the presence of Cameo Italiano jewels in the main shopping television channels. Finally, as an emerging market, the Italian company reports South Korea, with interesting growth prospects for the future. Positive signs are also coming from e-commerce: the company website, launched just over a year ago, saw 80% of sales from Italy. But the company wants to develop the sales channel with investments that provide a specific focus on four countries: the USA, Germany, Austria and Switzerland. The internationalization process of Cameo Italiano will continue with greater strength in 2022 with the presence of the Campania company at the main trade fairs in the sector in Italy and around the world. The company will be present in Vicenzaoro in Hall 1 stand 100.

We expect strong growth in the second half of 2022 especially in China where we are only at the starters. If we consider that only 6 years ago 90% of the turnover came from the Italian market, we can realize the path we have taken. Today we are an international company and our brand has grown all over the world: foreign markets have understood the philosophy, the craftsmanship of our master engravers and the style of our Made in Italy jewels. On the one hand, we want to consolidate successful markets and focus on emerging ones by expanding the sales channels with agreements with local distributors and shops for direct sales; on the other hand, we will invest in human resources where a three-year recruitment plan is envisaged to support growth.
Gino Di Luca, founder of Cameo Italiano

The Cameo Italiano catalog includes over 400 handcrafted creations divided into 32 collections with numerous limited editions and tailor made creations. Over 40 craftsmen work within the company who give each jewel a naturally Italian style born from the encounter between innovation and the history of the ancient art of cameo processing made by master engravers.

Golden year for Pandora

Published on February 9, 2022

news/Pandora

Pendente porta charm a cuore Pandora Moments

Those who also follow the economic aspect of the jewelry market will be interested in the financial results of Pandora, a Danish giant with a worldwide presence. The accounts of Pandora also reflect, in part, the dynamics of the jewelry market.
That said, in 2021 the organic growth (i.e. excluding any extra operations) of the group was 23% compared to 2020 (which, however, they recall, was marred by numerous pandemic lockdowns). The Ebit margin (earnings before interest expense and taxes) of 25%. Data that exceeded forecasts. In particular, business has been booming in the US (+ 58% compared to 2020), while in China it was only 5%, in Italy by 10%, in France by 5%, in Great Britain by 14%.

It should be noted that the total revenues, at 23.3 billion Danish kroner (about 3.1 billion euros or 3.58 billion dollars), are higher not only than the sales of 2020 (19 billion), but also those of 2019 before pandemic (21.8 billion crowns). Sales that generated profits of 4.1 billion crowns (550 million euros or 630 million dollars).

We finish 2021 on a high note with record Q4 revenue and sell-out, and I am delighted that we are able to increase our revenue target for 2023 by approximately DKK 2 billion. I am particularly pleased that our growth has been strong in all key markets. Our digital investments are clearly paying off, Moments is showing solid growth, and we’re encouraged by new product platforms like Pandora ME and Brilliance. With this – and with the acceleration of network expansion in 2022 – I am confident that we have all the ingredients to generate sustainable and profitable revenue growth for years to come.
Alexander Lacik, president and CEO of Pandora

Which jewels are the jewel of such a positive performance? Pandora does not think about single jewels, but about what she calls “platforms”. In short, a sort of maxi collections that are periodically updated with new pieces. Notably, the Moments platform continues to generate very good results, including the Christmas collection. The relaunch of Pandora Me has been well received, with growth of 57% compared to the initial launch in 2019. But Pandora’s revenue is also driven by online sales, with organic growth of 91%, as far as the latest is concerned. three months, compared to the corresponding period 2019. For those who are also a shareholder of Pandora, the company proposes the distribution of a dividend of 16 Danish crowns per share, but also a new share buy-back program (a buy-back) for 3.3 billion Danish kroner, which should support the value of the shares.

Collana in argento sterling 925 con placcatura in oro rosa 14 carati

A wealthy Christmas for Gismondi 1754

Published on January 12, 2022

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Santa Claus brought many jewels Gismondi 1754: The Genoese company listed on the Euronext Growth (formerly Aim) list of the Italian stock exchange, communicates the results relating to the business. In particular, at the end of the year, special sales in Switzerland, England and St. Martin yielded a total value of 1.16 million euros. The custom made by Gismondi 1754, the company informally notes, continues to receive excellent feedback, with a strong impulse produced, in particular, in the last week of December, between Christmas and the end of the year.

Collana con diamanti e smeraldi di Gismondi 1754

Much of these sales were made through the Gismondi 1754 e-commerce platform, accessible both through the website and from the Genoese brand’s Instagram page. A digital turning point, which took place in mid-2020, which projected the Group into the future, accelerating its plans due to the pandemic, which at that time was starting to block movements globally. These special sales should increase the company’s end-of-year results, which are expected to show strong growth: at the end of October 2021 Gismondi had already reached the turnover level achieved in 2020, equal to 6.5 million euros.

Although the covid has negatively impacted most companies, especially between the beginning and the end of 2021, we have concluded an extraordinary year that will lead to growth that will be very close to + 40%. Special sales represent a distinctive value of our offer, not an impromptu item, so much so that by now they have a double-digit impact on our turnover. We strongly believe in our philosophy, which we pass on with passion to all our sellers because, only through a relationship of loyalty and strong motivational empathy with our customers, we are able to conclude sales with such important values even in moments that are certainly complicated for everyone. .
Massimo Gismondi, CEO of Gismondi 1754

Pandora multiplies its sales

Published on November 3, 2021

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Lo spazio Pandora in Animal Crossing New Horizons

Sales of Pandora jewelry, a company that is listed on the stock exchange, are booming. The quarterly results of the Danish jewelry giant testify to this. In fact, sales in the third quarter of 2021 increased by 9% compared to 2019 (2020, with the lockdowns and closures of entire cities, makes history itself). The strong growth was driven by Pandora’s largest platform, Moments, which experienced a completely sold-out growth of 11% compared to 2019.

Moments’ performance in the third quarter of 2021 was supported by the launch of Wearing bargains (keychain and bag), which produced an incremental 2% share of business in the quarter. In addition, it helped to re-engage consumers with the brand and Pandora and provided a positive effect to the performance of bracelets as well. The solid revenue performance was further supported by Pandora’s largest market, the United States, which accounts for 28% of revenue in Q3 2021 compared to 22% in Q3 2020. The United States, on the other hand, represent a strategic priority for Pandora. In the long term, the company’s goal is to double the US business compared to 2019.

The main European markets are also recovering strongly with the reopening of stores and a sell-out growth of 11% compared to 2019, while the performance in Asia, including China, remains weak, strongly influenced by the covid. Online sales rose sharply with + 94% organic growth compared to the 2019 quarter.

The brilliant accounts of Pandora

Published on August 18, 2021

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It seems that the anti-covid vaccine works great for Pandora too. Judging by the second quarter accounts, the Danish jewelry group is doing excellent business despite some of its stores still suffering from known health safety issues. To be precise, in the second quarter of 2021 Pandora achieved organic growth of 13% compared to 2019 (+ 84% compared to the corresponding period 2020). On average, in the second quarter of the year 15% of physical stores were temporarily closed and in August 2021 about 8% are temporarily closed.

Growth, the company says, is driven by the strategically very important US market. The continued positive performance is further accelerated by government incentive packages. Performance in China, on the other hand, remains weak and Pandora has initiatives in the pipeline for the second half of the year. Good results, on the other hand, come from online, with sales up 132% compared to 2019.

Our strong momentum continues into the second quarter of 2021 as well, and we are pleased to have seen solid growth compared to 2019. Performance in the US and online continued to be strong, and in Europe most of our stores have reopened. Following the launch of Phoenix, our new strategy, we are looking forward to hosting our Capital Markets Day in September. On this occasion, the Executive Leadership Team will present how Pandora will drive sustainable and profitable long-term growth, taking advantage of the great untapped opportunities within our current business.
Alexander Lacik, President and CEO of Pandora

The debut of the top line, Pandora Brilliance, underway in the United Kingdom, is also positive. The decision on a possible global launch will be made at the end of 2021, creating a potential new platform of lab-created diamond products. In general, Pandora has an EBIT margin (gross profit) of 25.2%. The company expects organic growth of 16-18% for 2021, an increase compared to previous forecasts, provided that the pandemic does not return to claiming victims among those who are not vaccinated.

Anelli in oro bianco e oro giallo con diamanti di laboratorio by Pandora

Rich quarter for Gismondi 1754

Published on July 21, 2021

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Bracciale della collezione Genesi di Gismondi 1754

Gismondi 1754, listed on the Aims list of the Italian Stock Exchange, continues its policy of quarterly reporting (even if it does not have the obligation) of the business. According to the latest data released, sales in the second quarter of 2021 recorded a total consolidated management turnover of 2.5 million euros, up 55%, compared to 1.6 million in the second quarter of 2020. A figure that highlights the continuous and sustained growth of the Group in the first half, considering that in Q1 sales were 1.4 million.

Orecchino con smeraldi della collezione Genesi by Gismondi 1754

Compared to the corresponding period 2020, the growth in the second quarter of 2021 was driven by sales in the wholesale channel, both at European level and in the USA, with triple-digit percentage changes: + 442% the delta in Europe (revenues of 309,000 euros ) and a strong recovery in the United States, where sales have fully restarted with revenues of € 268,000. The Special Sales segment, which characterizes the Gismondi 1754 tailor-made philosophy, also achieved + 19% compared to the second quarter of 2020, going from € 933,954 to € 1.1 million. The St. Moritz store that closes with + 84% sales compared to the same quarter of 2020 (50,669 euros).

«The gradual return to reopening and moving is certainly a positive sign that also reverberates in the greater willingness to buy. Thanks to the digital channel, Gismondi 1754 has managed to consolidate even in the most difficult moments of the pandemic in 2020 and now finds even more benefit from being able to return to exploiting all sales channels globally. In this sense, it is significant to note that the overall consolidated sales results of the first half of 2021, equal to 3,903,173 euros, recorded a + 76% growth compared to those of the first half of 2019, when the covid was not yet available and , therefore, with a more directly comparable market situation ”, reads a note from the company.

PdPaola doubles and repositions

Published on May 12, 2021

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It is a paradox, but covid has pushed the sales of PdPaola, a Catalan jewelry company founded in 2014 in Barcelona by Paola Sasplugas and her brother Humbert. The brand, distributed in France, Germany, Italy, United Kingdom, United States as well as Spain, in 2020 grew in three figures: it increased its sales by 105%, with a turnover of 24 million euros. A lot, but the Maison plans to do even better this year, with a target of 45 million euros in turnover. All thanks to online sales, as well as the skill of the designer and the 60 employees in the company.

In fact, 90% of PdPaola’s sales take place outside Spain. The jewelry brand records 80% of its revenue through its own e-commerce and 20% with authorized distributors, or marketplaces such as Zalando. In any case, the brand is distributed in 1,500 points of sale, of which 300 in Spain. And, after scoring a goal with e-shopping, the Maison plans to develop sales in traditional stores, with the opening of flagship stores. Not only that: the brand wants to reposition itself in the area of accessible luxury, improving quality. In Italy the brand currently sells about 12% of its jewels.

Fope remains in profit

Published on March 2, 2021

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Fope grits his teeth and expects a better future. The 2020 accounts of the goldsmith company listed on the Aim list of the Italian Stock Exchange are inevitably affected by the covid effect. But it could have been worse. According to the preliminary consolidated results as at 31 December 2020, the revenues of the Veneto group fell to 26 million euros compared to 35 million in 2019, but the positive news for shareholders is that the year did not end in red, but still in profit, even if it fell to 1.65 million compared to 4.85 million in 2019. In line with these results are the Ebitda and Ebit (essentially gross margins) which amounted to 3.95 million respectively and 2.34 million.

Diego Nardin, amministratore delegato di Fope, alla presentazione dei dati di bilancio 2018 — Diego Nardin, amministratore delegato di Fope

We are satisfied with the closing revenue figure, which exceeds expectations; the decrease of 25.7% compared to 2019, and in particular of 11% if we compare the data relating only to countries with a significant tourist impact, is a result that comforts us with respect to the importance that the Fope brand has for our dealers and as a first choice for our customers. The careful management of costs in the lockdown phases and the sales, made with the margins prior to the health emergency, made it possible to maintain an adequate level of profit and the distribution of dividends during the month of December 2020. Financial management, which has not undergone significant impacts following the lock down periods, has made it possible to proceed with the planned investments. Also in light of the 2020 results achieved in a difficult situation, we look to 2021 with optimism and believe in the ability to achieve positive results, despite the contingent period of health emergency does not allow to resolve all the uncertainties regarding the response of the markets. However, the feedback received so far from our best dealers is positive, and in line with our expectations.
Diego Nardin, CEO of Fope

Fope, orecchini della collezione Panorama in oro e pavé di diamanti

Fope, Prima is good

Published on March 30, 2018

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Anello in oro e diamanti della collezione Prima

The 2017 of Fope shines thanks to the success of Prima collection and sales in the US and Europe. New investments planned ♦ ︎
Prima is ok. In the sense of Prima collection by Fope. In fact, the Prima jewelery line, presented in 2017, had the merit of increasing the company’s revenues by 20%, without cannibalizing the other collections. The data was communicated to an audience of financial analysts in Milan, during the presentation of the economic results of the jewelry company for 2017. The success of the brand, and of the Prima line in particular, is due to two factors, those that characterize Fope : the style and technology used to make the jewelry. “Hidden in a bracelet Prima, for example, there are up to 150 micro springs, which give elasticity but also softness to the jewel: a system that boasts a worldwide patent”, explained the company’s managing director, Diego Nardin. That, in addition to the continuous renewal of the jewelry lines, has underlined the efforts of the company, listed a couple of years ago on the stock exchange in Milan, in playing on two factors: expansion of distribution and investments in technology.
Export and investments
The goal is achieved. And consolidates by Fope as the second Italian group in the sector, after Damiani, which however has a completely different story. The decision to list on the stock exchange was courageous and, in the panorama of small and medium-sized Italian companies, a rather unusual move. But far-sighted. In fact, the company used the new capital to expand its business. And investors understood this, given that the value of the stock has more than doubled in a year. “There is a significant increase in all the indicators and a strong financial solidity,” stressed Nardin. “The growth in sales has affected the main foreign markets on which we are focusing investments”. For this reason, for example, Fope Usa was set up, a subsidiary that has taken the place of the previous company in America. Abroad, on the other hand, Fope records 80% of revenues. And in 2017 those in the Americas (USA, Canada, Central America) have risen by 22%. But revenues are also going well in Europe (+ 24%): note that Fope Jewelery Limited, a company incorporated under British law, has just been set up. The corporate refocusing moves of the US and British subsidiaries are to be seen, perhaps, also in relation to two non-secondary aspects: the US-Europe tariff war and the Brexit: “We are prepared, in both cases we could use the two company with a simple redevelopment of the company name, “said the manager.
In any case, even Italy, all in all, does not disappoint (+ 9%). Among other things, Nardin pointed out, growth has not been curbed by a retouch of about 5% on part of the price list: that brand’s jewelry is not looking too much linked at price. Lastly, part of the result is also due to the success of the mono-brand boutique opened in Piazza San Marco, which is fully part of the company’s perimeter since last November.
The budget of 2017

Net sales for 2017 amounted to € 28.03 million, an increase of 21.4% compared to € 23.08 for the previous year. Margins also improved: Ebitda (gross result) was 3.9 million (+ 72%) compared to 2.26 in 2016. If you are a shareholder of Fope, you should also know that 600 thousand euros of the net result, increased to 2 , 33 million, will be distributed in the form of dividends, while the rest will remain in the company, because Fope does not stop there. Nardin cited a desire to increase the number of shop-in-shops (now 13) around the world, to open a single-brand store in London and an ambitious project to expand offices and the production site in Vicenza. Last but not least: forecasts for 2018 are positive. It should be another golden year.

Bracciali in oro rosa, bianco e giallo della collezione Prima