Tear Sheet: Pandora A/S

In the first nine months of 2024, the company reported year-on-year revenue growth of 13.8%, reaching DKK19.7 billion (€2.7 billion) up from DKK17.3 billion in 2023, with like-for-like sales growth of 8% during the period. This growth is attributed to successful marketing strategies aimed at positioning Pandora as a comprehensive jewelry brand. This has driven more consumers to the brand and resulted in positive like-for-like performance in the U.S., Germany and other less penetrated markets for the group, such as Netherlands or Mexico. Effectively, the company?s growth has been fueled by its noncore collections, reporting a like-for-like growth of 28%, compared to 2% for the core collections. Accordingly, we have revised our revenue forecasts for 2024 and 2025 to about

...November 26, 2024 Pandora's efforts to become a comprehensive jewelry brand are driving strong like-for-like growth. In the first nine months of 2024, the company reported year-on-year revenue growth of 13.8%, reaching DKK19.7 billion (2.7 billion) up from DKK17.3 billion in 2023, with like-for-like sales growth of 8% during the period. This growth is attributed to successful marketing strategies aimed at positioning Pandora as a comprehensive jewelry brand. This has driven more consumers to the brand and resulted in positive like-for-like performance in the U.S., Germany and other less penetrated markets for the group, such as Netherlands or Mexico. Effectively, the company's growth has been fueled by its noncore collections, reporting a like- for-like growth of 28%, compared to 2% for the core collections. Accordingly, we have revised our revenue forecasts for 2024 and 2025 to about DKK31.2 billion and DKK33.6 billion respectively, up from our previous expectations of DKK30.4 billion...

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