Pandora posted a 12% increase in revenue year on year to reach Danish krone (DKK) 10.8bn (£1.25bn) in its fourth quarter, with like-for-like sales also up 9%.

Like-for-like growth in key Europe markets “remained solid” at 5%, while the US market increased to 10% and the rest of its business continued to post strong double-digit growth at 16%.