COPENHAGEN (Reuters) – Jewellery maker Pandora’s core profit in the first quarter came in above expectations on Tuesday while it said it would lay off an additional 1,200 people at its production facilities in Thailand as part of a cost-cutting programme.
First-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) fell 12 percent from the same period the previous year to 1.5 billion Danish crowns (171.7 million pounds), above the 1.3 billion expected by analysts in a Reuters poll.
(Reporting by Stine Jacobsen; Editing by Jacob Gronholt-Pedersen)