Jewelry maker Pandora sees continued sales decline in 2020

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COPENHAGEN (Reuters) – Danish jewelry maker Pandora’s (CO:) fourth-quarter operating profit on Tuesday beat forecasts despite disappointing sales in China while it said its 2020 organic sales growth is expected to fall by 3%-6%.

Fourth-quarter earnings before interest tax (EBIT) and excluding restructuring costs were 2.81 billion Danish crowns ($416.01 million), above the 2.75 billion crowns expected by 16 analysts in a poll compiled by Pandora .

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