COPENHAGEN (MarketWatch) -- Jewelry manufacturer Pandora Jewelry A/S , which has been hit hard in the past year by higher gold and silver prices and waning demand, Tuesday said its first-quarter net profit declined 34%, due mainly to the costly replacement of unsold products, but maintained its guidance for 2012.

Pandora sale still targets full-year sales of "above DKK6 billion", down from 2011 sales of DKK6.66 billion, and a margin on earnings before interest and tax, depreciation and... Continuar leyendo