COPENHAGEN (Reuters), – Pandora, a Danish jewellery manufacturer (OTC:), announced Monday its preliminary results. They showed record sales for the fourth quarter. The strong U.S. markets were a key driver.

Pandora is the largest jewel maker in the world by capacity. It reported that sales reached 9.0 billion Danish Crowns ($1.37 Billion) during the fourth quarter. This was higher than the 8.4 billion predicted by analysts according to a survey by the company.

In October and December 2012, operating profit was at 2.75 billion crowns. This is more than expected.

For the whole year, sales grew by 23% to record 23.4 million

Alexander Lacik (CEO) stated that they were pleased with 2021’s results. Pandora is now growing and we continue to deliver high-quality revenue. We are seeing broad-based growth, which is very encouraging.

Organic sales in America, the key market for the company, grew 18% during the fourth quarter.

Globally, organic sales increased 23% in 2021 compared to the 18-20% guidance given in November when full-year guidance was released for the first time.

According to Pandora, a small percentage (less than 1%) of its more than 2600 physical shops were closed temporarily during the fourth quarter as a result coronavirus lockdown.

The company stated that physical stores on a variety of markets had been negatively affected by restrictions including those in China.

On February 9, the company will publish its complete set of results.

($1 = 6.5667 Danish crowns)