ricavi Archives | gioiellis.com

Pandora’s revenues shine

Published on February 9, 2023

Bracciale Pandora con cuore, chiave e lucchetto in argento placcato oro

Pandora adds a jewel balance to its history: in 2022 it sold 103 million pieces in its 6,500 stores in a hundred countries. It was a positive year for the Danish group, with organic growth of 7% for the equivalent of 3.5 billion euros and an Ebit margin (Earnings before interest and taxes, basically a gross profit) of 25.5% and a net profit equivalent to 675 million euros. Over 600 million people have visited shops and online stores. Results that are even more positive if we count, for the fourth quarter of 2022, the loss estimated at around -1% caused by the fire at the European distribution centre. On the other hand, the company counted on a 4% network expansion. However, the Pandora accounts disclosed by the group underline the negative sales in the United States (-7%), while in Europe the growth was 2%. The company’s financial report also includes a positive gross margin (+0.5%). Ebit in Q4 2022 was 32.5%, an increase of 2.8 percentage points compared to Q4 2021 and with good cost control. For 2023 Pandora expects organic growth between -3% and +3% and an EBIT margin of around 25%.

Anello Pandora Onda Pietre Luminose in argento Sterling 925 e pietre di zirconia cubica — Anello Onda Pietre Luminose in argento Sterling 925, zirconia cubica

We closed 2022 in style. Despite the macroeconomic pressure on consumers and the covid-19 turmoil in China, we continue to post solid growth from pre-pandemic levels. We have started 2023 well and are confident that the brand transformation that has taken place in recent years puts Pandora in a good position to handle future adversity and emerge stronger than before. In 2023, we will continue to execute on our strategy, capture market share and accelerate network expansion, while taking prudent cost actions to protect margins.
Alexander Lacik, President and CEO of Pandora

Alexander Lacik, ceo di Pandora — Alexander Lacik, presidente e Ceo di Pandora

The group’s balance sheet also shows good financial solidity, with a rather low exposure and strong liquidity. To the happiness of the shareholders, alongside the dividend (DKK 16 per share) Pandora has anticipated a new share buyback program of DKK 2.4 billion until June 30 with the intention of reaching up to DKK 5 billion, with the objective of supporting the share price on the Stock Exchange.

Orecchini Cerchi Onde Pietre Luminose: sono realizzati in argento Sterling 925, ispirati alle onde, con cubic zirconia, collezione Timeless

It’s growing Diffusione Orologi’s business

Published on May 4, 2022

Orologi

Diffusione Orologi, an Italian group that counts within its portfolio the proprietary brands Opsobjects, Kulto 925 jewelry and Iamthewatch, in addition to the distribution of the brands of Pdpaola and Daniel Wellington, closed the year 2021 positively with an increase in turnover 26%. In addition, the first quarter of 2022 registered another + 12%. Daniel Wellington watches are also distributed in Spain (175 outlets), Portugal (35 outlets) and the Netherlands (40 outlets). Next steps: Austria, Germany and Switzerland. In e-commerce, the general increase in sales was 35%.

We are really proud of the results obtained and of our work which, in a period of profound uncertainty like the one we are experiencing, goes against the tide and enjoys important and satisfying growth. Today our goal is to continue in this direction, working to preserve the position of the Opsobjects brand on the jewelery and watch market, proceed with the distribution abroad of the Daniel Wellington brand that projects our company on an international level, and follow the development of PdPaola jewels with great ambition.
Mario Giglio, CEO of Diffusione Orologi

For PdPaola it is expanding again

Published on April 28, 2022

news

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

news

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

Cameo Italiano grows and focuses on exports

Published on March 15, 2022

news

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

Alexander Lacik, presidente e Ceo di 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

Bros Manifatture returns to Jck and Vicenzaoro

Published on June 29, 2021

news

Lanfranco Beleggia, fondatore e presidente di Bros Manifatture

The Bros Manifatture jewel has beaten the covid and is back in the sector fairs. The company from Montegiorgio (Fermo, Marche, Italy) confirmed that it closed 2020 with a positive balance (revenues were about 40 million in 2019), albeit inevitably with declining sales due to a pandemic. A result, comments the company’s press release, which is the result “of the commitment of a compact and solid group, capable of supporting its retailers with promotions aimed at supporting the sell-out upon reopening”. Parallel to the strong presence in physical stores, including the one opened in Miami, the company also increased online sales of the house brands by 178%: Brosway, Rosato, S’Agapo and Pianegonda.

Lanfranco Beleggia, fondatore e amministratore unico del gruppo Bros Manifatture

But the company does not rely only on the digital channel: Bros Manifatture has already decided to participate in attendance at the two Jck international fairs in Las Vegas next August and in Vicenzaoro September. The expectation on the business of the future has in fact more than doubled compared to last year and the propensity to participate in physical events to strengthen the direct relationship with retail partners and establish new lasting collaborations over time is growing.

Bros Manifatture also reaffirmed the company’s social commitment and support for charitable causes, in addition to the rediscovery of its Italian origins. For this reason, collaborations with non-profit organizations and non-profit associations have been activated and renewed in Italy and abroad and funds have been donated to support scientific research. In particular, Rosato, in collaboration with Legambiente, has developed a product line for the Tartalove campaign to protect caretta caretta sea turtles. In America, Brosway Italia is involved with the Lauren’s Kids Foundation in the fight against violence against minors and has provided Red Cross with fundamental assistance in managing the pandemic crisis.

At the local level, the strong link with the Marche region has meant that particular attention was also paid to environmental recovery works: the historic Palazzo Alaleona in the historic center of Montegiorgio (FM) has been renovated and will be open to the public in the form of luxury relais, which will host tourists from all over the world and will add value to the rediscovery itineraries of small Italian villages.
In addition, the Officina Del Sole estate, known for its position on the hills of the Marche region, the breathtaking views and the production of native oil and wine and already appreciated by hundreds of tourists and aficionados every year, will become the seat of an educational activity and will host a museum of peasant civilization.

PdPaola doubles and repositions

Published on May 12, 2021

news

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

news

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

Brilliant revenues for Gismondi 1754

Published on December 15, 2020

news

Anello della collezione Era in oro rosa e smeraldi

Brilliant accounts for Gismondi 1754, a historic Genoese company listed on the Aim list of the Italian Stock Exchange. Since the beginning of December, the wholesale dealers in Italy have concluded sales for 155,000 thousand euros, as well as from the Middle East Market, in addition to the important orders confirmed and already communicated in November, further sales of 51,000 euros have been recorded. The Prague franchise in the first 14 days of December also recorded sales of € 71,200.

Also in light of these new sales, the consolidated operating revenues (not subject to audit) as of December 10th amounted to 6 million, compared to the 3.4 million of September 30th, already exceeding the consolidated revenues for the full year 2019 which they stood at 5.75 million. A data in contrast, which assumes strategic value, considering the historical moment that the whole world is going through due to the pandemic.

Collana della collezione Era in oro rosa e smeraldi

We would like to underline these results because they are the result of a proactive strategy of our Company. I am proud to have elaborated with my management already in March with the recovery plan which, developed in a short time, allowed us to react to the complex situation given by Covid by concentrating our efforts on the creation of a sales force in Italy, on the ‘expansion of the international wholesale and e-commerce channel which is proving effective and able to generate sales volumes even higher than expectations, also taking into account the current context.
Massimo Gismondi, CEO of Gismondi 1754

For Gismondi 1754 nine months of growth

Published on October 16, 2020

news

The covid did not infect the business of Gismondi 1754, a Genoese jewelery company listed on the Italian Stock Exchange on the Aim list. The data relating to the first nine months, in fact, indicate results in contrast with the trends in the sector. As at 30 September, Gismondi 1754 shows, in fact, a growing turnover, consolidating its brand on the market. Consolidated revenues in the first nine months amounted to € 3.4 million, up + 7%, compared to the 3.2 recorded in the corresponding period in 2019. The third quarter of 2020, in particular, grew by 9% compared to to the third quarter of 2019. A result that the company attributes to the wholesales channel at European level, which recorded a growth of 239% for revenues equal to 83,304 euros, the S. Moritz store, which recorded + 141% of corresponding sales and special sales, a strong point and distinctive element of Gismondi 1754’s offer.

In a note, the company specifies that analyzing revenues by geographical area, as at 30 September 2020 the incidence on the consolidated management turnover is growing across the board with respect to all the markets in which Gismondi 1754 operates, with particular mention for the US market ( equal to 43% of turnover) and the Italian market (equal to 14% of revenues). The USA and Europe are confirmed as the areas that have the greatest impact on the Group’s turnover, but the Russian market and the Middle East are also gradually establishing themselves, both with an incidence of 7%. The rest of the countries are worth 10% of consolidated turnover overall.

We are very satisfied because these results are part of a very difficult market context globally and in a sector, that of luxury, which is recording widespread losses overall. Gismondi 1754 grows against the trend and for this reason the value of + 7% in the first 9 months of 2020 acquires an even more significant value because, beyond the economic aspect, the Company today has its own recognisability that allows us to maintain our standards without compromising our characterizing principles, both in the artisanal creation of our collections and in the highly loyal relationship with our customers, which goes beyond the sale of a jewel.
Massimo Gismondi, CEO of Gismondi 1754

Alta gioielleria Gismondi 1754, collana e orecchini della collezione Essenza, in oro bianco, diamanti e zaffiri

Compared to the turnover figures by sales channel, the item Special Sales still stands out, that is the sale of bespoke jewelery strongly devoted to tailor-made which, “in an economically complex historical phase due to the coronavirus pandemic, testifies the strong between the brand and its customers “. Overall, however, all the sales channels hold, as evidence of an increasingly consolidated recognition of the value of the products that has allowed Gismondi 1754 not only to absorb the difficulties of the retail channel (the stores in Milan and Portofino in particular), in times of lockdown, but to achieve a growth in turnover for the period.

Collana della collezione Prato Fiorito, Gismondi 1754. Diamanti, zaffiri e smeraldi

Fope, Prima is good

Published on March 30, 2018

news

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

Pandora at 2 billion

Published on January 8, 2016

money

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

Pandora golden quarter

Published on August 12, 2015

news/money

Big Business (mostly silver) for Pandora. The Danish company jewelry modular closed the second quarter with a turnover of 482 million Euros, an increase of 41.4% over the second quarter of 2014. Pandora flies in America (North and South), with a growth of 43.8% (19.4% in local currency), Europe grew by 38% (32% in local currency); Asia Pacific stood at + 44.1% (26.9% in local currency). The revenue coming from brand stores increased by 54.7% and corresponds to 59.3% of total sales. What is impressive are the gross profits: for every 100 euro of sales, earnings before taxes, depreciation, etc. (Ebitda) of eur 36.4. Finally, net income for the quarter: 122 million euro, compared to about 88 million euro in the second quarter 2014.

(Italiano) Damiani: più vendite con i monomarca

Published on June 15, 2015

money

Damiani for 2014 has increased in consolidated revenues from sales by 4.3% at current exchange rates (150.4 million). It’s a confirmation of a “solid and lasting growth” in the retail segment (+ 7.2%), which accounts for about 41% of total revenues. The profit is not there yet, but the losses were significantly reduced to 3.5 million against 8.6 in the previous budget. The board of directors of the group of Valenza approved the draft budget (which was closed on 31 March 2015). It improves, especially, the profitability: Ebitda (gross margin) consolidated exceeds 4 million euro (0,3 million euro in 2013). Apparently business is good, especially for single-brand Damiani, that between Italy and abroad, grew by 25%. In the wholesale segment also performed well (wholesale) most adversely affected in the past by the consumption crisis, it made a recovery with revenues up 2.4%. Damiani manages 54 direct points of sale, including 41 single brand. Investments around the world have, however, worsened the debt, which rose to 50.5 million against 40.8 at March 31, 2014: one overcooked inevitable if the company wants to support the expansion in markets outside the borders. An example is the project Damiani Ginza Tower, which is the transformation of a nine-storey building, located in the central Chuo-street of the Ginza district in Tokyo. In the building will be located the new Damiani boutique and a VIP room, which will occupy four floors of the building and the offices of the Japanese subsidiary of the group. The conclusion of the work of construction and the opening of the boutique is scheduled for the summer. Federico Graglia

Da sinistra, Giorgio Grassi Damiani, la signora Montolivo, Guido Grassi Damiani e Riccardo Montolivo