COPENHAGEN, Reuters – Pandora (OTC) a Danish jewel maker has reported higher-than-expected first quarter sales and slightly increased its sales guidance for full year.

Pandora expects organic growth for full year to be between 4% and 6%. This is in contrast to the previous forecast of 3%-6%. However, Pandora stated that 2022’s forecast was “highly uncertain”.

Company said that sales increased by 21% to 5.7 Billion Danish Crowns in its first quarter, exceeding the average of 5.9 billion predicted by analysts in an April poll.