On May 19, the company reported solid first quarter results, with revenue up 41 percent. But the numbers could not mask weak growth in the Australian and German markets nor allay concerns that Pandora had been too slow to raise its prices to offset the soaring costs of gold and silver. Investors were unsettled and shares fell 22 percent to 119 kroner on the day of the earnings report, the lowest level since the company was listed at 210 kroner..
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