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COPENHAGEN (Reuters) - Jewellery maker Pandora on Tuesday posted organic sales growth of 12% in February despite around a quarter of its 2,700 stores worldwide being shut. Pandora is pleased with the performance so far in 2021, Pandora said in a trading statement, adding that sell-out growth in the United States continued to be very strong.
Sales in shops or online to customers in February grew 7% year on year, it said.
Year to date, organic growth stood at 4% with while actual sales to customers grew 1%, Pandora said. It kept its financial guidance unchanged.
The number of stores shut fell to 25% from 30% at the beginning of February, it said.
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AMSTERDAM (Reuters) - Coffee company JDE Peet s reported a fall of 4.2% in annual sales on Tuesday as the impact of lost sales in cafes due to the COVID-19 pandemic outweighed a boom in home-use products.
Sales of the owner of the Douwe Egberts, Peet s Coffee and Jacobs brands dipped to 6.65 billion euros ($7.89 billion) for 2020, just below the 6.68 billion seen in a company-compiled poll of analysts.
Adjusted operating profit (EBIT) rose 1.2% to 1.28 billion euros.
For 2021, the company forecast organic sales growth of 3%-5% in 2021, as its away-from-home businesses recover, with a single digit increase in adjusted EBIT.
Reflecting the impact of the pandemic, sales of packaged coffee products usually sold in grocery stores, its largest business, rose 7% in Europe, its largest market. Meanwhile sales of Out of Home coffee consumed in cafes, offices and schools, fell by 32%.
European stocks ended Tuesday decidedly higher after extending gains from their best session in four months a day earlier, as a rise in shares of oil and utility companies helped counter losses in. | March 9, 2021
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JOHANNESBURG, March 9 (Reuters) - South African miner Royal
Bafokeng Platinum reported on Tuesday an almost 30-fold
jump in annual profit, driven by higher platinum prices,
increased output and a weak rand exchange rate.
The Johannesburg-listed company s headline earnings per
share (HEPS) - the main profit measure in South Africa - rose to
1,354 cents in 2020 from 50 cents a year ago.
The platinum group metals (PGM) miner, which engages in
mining of platinum, palladium and rhodium, declared its maiden
dividend of 575 cents per share for the year that ended Dec. 31.
Prices of platinum and sister metals rose last year by more