FY 2025 highlights
- In 2025, Pandora delivered natural income development of 6% (steering of 7-8%). This comprised of like-for-like (LFL) development of two% and community enlargement & different of 4%.
- The EBIT margin ended at 23.9% (steering of round 24%), down 130bp Y/Y, reflecting the corporate’s means to mitigate many of the 300bp exterior price headwinds.
- Sturdy money conversion of 65% sees leverage finish at 1.3x NIBD/EBITDA. EPS ended at DKK 68, up 5% on a reported foundation and up 15% in fixed foreign money.
This fall 2025 highlights
- This fall 2025 natural development got here in at 4%, comprising of flat LFL and community enlargement & different of 4%.
- Inside segments, LFL development within the Core was flat at 0% while Gas with Extra declined at -3% LFL.
- LFL development in North America slowed to 2%, reflecting the weak shopper sentiment. EMEA was broadly steady at -1% while Asia-Pacific and Latin America had been at 2% and -7%, respectively.
- The This fall EBIT margin landed at 33.5%, -120bp Y/Y, offsetting many of the 440bp exterior headwinds.
Strategic highlights
- Pandora’s imaginative and prescient stays to construct essentially the most fascinating, accessible jewelry model. While the macro backdrop stays difficult, Pandora sees clear alternatives to sharpen execution.
- Pandora will step up its give attention to design as a key driver of desirability and natural demand. To scale the influence of newness, there can be a transparent emphasis on bettering relevance and distinctiveness. This contains re-energising core collections by way of clearer inventive course and extra constant, differentiated design expressions, while selectively constructing in current aesthetic areas.
- Pandora will complement its excessive model consciousness with stronger native relevance and authenticity, notably in mature markets. This can be supported by a strengthened earned media mannequin, the place design-led storytelling and social engagement more and more drive visitors and buyer acquisition.
- Pandora will proceed to evolve in providing multi-material jewelry. This contains the introduction of jewelry with precious-metal plating in platinum constructed on our distinctive and confirmed metal-alloy PANDORA EVERSHINE™, developed to outperform silver for on a regular basis put on. Based mostly hereon, Pandora expects to take care of an EBIT margin above 21% within the mid-term with important free money circulate era.
2026 Steering, present buying and selling and money returns
- The steering for 2026 is for “-1% to +2% natural development” and an EBIT margin of “21-22%”.
- Present buying and selling in Q1 2026 exhibits round flat LFL development.
- Proposed dividend of DKK 22 per share, up 10% from DKK 20 in 2024. Given the surging silver costs, Pandora will resume its historic, important share buyback programmes as soon as the plans to transition to platinum-plated jewelry is additional progressed.
Berta de Pablos-Barbier, President and CEO of Pandora, says:
“We delivered 6% natural development in 2025 and whereas the macroeconomic backdrop was difficult, development was under our expectations. As new CEO, my priorities are clear and we’ve plans to strengthen model desirability, scale back commodity publicity and evolve how we drive worthwhile development.”
| DKK million | This fall 2025 | This fall 2024 | FY 2025 | FY 2024 | FY 2026 steering |
| Income | 11,859 | 11,973 | 32,549 | 31,680 | |
| Natural development | 4% | 11% | 6% | 13% | -1% to +2% |
| Like-for-Like, % | 0% | 6% | 2% | 7% | |
| Working revenue (EBIT) | 3,975 | 4,149 | 7,783 | 7,974 | |
| EBIT margin, % | 33.5% | 34.7% | 23.9% | 25.2% | 21-22% |
ABOUT PANDORA
Pandora is the world’s largest jewelry model, specialising within the design, crafting and advertising of accessible luxurious jewelry constituted of high-quality supplies. Every bit is created to encourage self-expression, permitting individuals to share their tales and passions by way of significant jewelry. Pandora jewelry is bought in additional than 100 international locations by way of 7,000 factors of sale, together with greater than 2,800 idea shops.
Headquartered in Copenhagen, Denmark, Pandora employs round 39,000 individuals worldwide and crafts its jewelry with 100% recycled silver and gold. Pandora is dedicated to management in sustainability and has got down to halve greenhouse gasoline emissions throughout its worth chain by 2030. Pandora is listed on the Nasdaq Copenhagen inventory change and generated income of DKK 32.5 billion (EUR 4.4 billion) in 2025.
CONTACT
For extra info, please contact:
| Investor Relations
BILAL AZIZ |
Company Communications
MADS TWOMEY-MADSEN |
| ADAM FUGLSANG Director, Investor Relations +45 6167 7425 adfug@pandora.internet |
JOHAN MELCHIOR VP, Media Relations & Public Affairs +45 4060 1415 jome@pandora.internet |
- Pandora This fall 2025 Interim Report Firm announcement_No_997
- Pandora Appendix Firm Announcement This fall 2025
Source link
#Pandora #delivers #natural #development
