Pandora Q4 beats forecast, expects higher profit margin in 2015

Danish jewellery maker and retailer Pandora reported on Tuesday fourth-quarter operating profit above expectations, and said its 2015 profit margin will be higher than in 2014.

Pandora said earnings before interest and tax (EBIT) rose 54 percent to 1.38 billion Danish crowns ($211 million) in October-December above forecast of 1.25 billion crowns in a Reuters poll.

The company said it expects 2015 core operating margin (EBITDA) of around 37 percent up from 36 percent in 2014.

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