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Pandora's April sales soar by 214%

Jewellery maker Pandora's April sales grew by 214% from a year earlier to 1.76 billion Danish crowns ($285.4m) despite 25% of its stores remaining closed, it said in a trading update today.

The update followed the more than fourfold jump in quarterly operating profit reported earlier in the week, helped by stimulus packages in the US.

"The strong sell-out performance in April was driven by the United States, where performance was even stronger than in the first quarter," Pandora said.

About 20% of its stores currently remain closed, Pandora said.

Organic revenue growth so far this year is at 37%, the company said as it maintained its full-year guidance for organic growth above 12% and an earnings before interest and tax margin (EBIT) of above 22%.