Guidance raised. EBIT margin 20.3% - but 250bp of that was a one-off tariff refund.
Silver: $38/oz paid, not yet booked
Buybacks: zero
ROIC: 39%, was 44%
EMEA and North America: both negative
#Pandora #Silver #TariffRefund
Guidance raised. EBIT margin 20.3% - but 250bp of that was a one-off tariff refund.
Silver: $38/oz paid, not yet booked
Buybacks: zero
ROIC: 39%, was 44%
EMEA and North America: both negative
#Pandora #Silver #TariffRefund
💊 #$NOVO.b raised guidance
⚡ #$VWS led with +14% organic growth
💍 $PNDORA biggest EPS beat (+19%)
🩹 #$COLO.b and 🔬 #$AMBU.b cut guidance.
15 of 19 companies held guidance steady.
#C25 #DanishStocks #Q1Earnings #OMXC25
💊 #$NOVO.b raised guidance
⚡ #$VWS led with +14% organic growth
💍 $PNDORA biggest EPS beat (+19%)
🩹 #$COLO.b and 🔬 #$AMBU.b cut guidance.
15 of 19 companies held guidance steady.
#C25 #DanishStocks #Q1Earnings #OMXC25
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📈 TTM revenue and ROIC holding up. 🇨🇳 China the weak spot.
🥈 Silver at $82/oz with hedges rolling off in Q3 means 1,100bp of margin headwind. Pandora's answer: platinum plating replacing silver from 2026, full transition by 2028. 💎
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• ROIC: 43% 🔥
• Silver: ~32 USD/oz 🪙🚀
• Gold: ~2,900–4,000 USD/oz 📈
• US LFL: +6% 🇺🇸
• Europe LFL: -1% 🇪🇺
• RoP LFL: +6% 🌏
• Australia LFL: +4% 🇦🇺
• Net store openings (12m): +65 CS, +85 SiS 🏬
• China stores: -33 QoQ, -60 YoY 🇨🇳
#PNDORA #PNDORA.CO #Pandora #2025Q3
• ROIC: 43% 🔥
• Silver: ~32 USD/oz 🪙🚀
• Gold: ~2,900–4,000 USD/oz 📈
• US LFL: +6% 🇺🇸
• Europe LFL: -1% 🇪🇺
• RoP LFL: +6% 🌏
• Australia LFL: +4% 🇦🇺
• Net store openings (12m): +65 CS, +85 SiS 🏬
• China stores: -33 QoQ, -60 YoY 🇨🇳
#PNDORA #PNDORA.CO #Pandora #2025Q3
• EBIT hit: ~380bp from silver, gold, FX, tariffs 🪙📉
• Gross margin drag: ~280bp 🧊
• Structural lifts: pricing +, mix +, network + 🧩
• EBIT margin: 14.0% (vs 16.1%) ⚙️
• 2025 EBIT guidance: ~24% 🎯
#PNDORA #PNDORA.CO #Pandora #2025Q3
• EBIT hit: ~380bp from silver, gold, FX, tariffs 🪙📉
• Gross margin drag: ~280bp 🧊
• Structural lifts: pricing +, mix +, network + 🧩
• EBIT margin: 14.0% (vs 16.1%) ⚙️
• 2025 EBIT guidance: ~24% 🎯
#PNDORA #PNDORA.CO #Pandora #2025Q3
• Organic growth: +6% 🚀
• LFL: +2% 📈
• Revenue: DKK 6.27B 💎
• Gross margin: 79.3% (-80bp) 📉
• EBIT margin: 14.0% (-210bp) ⚙️
• EPS: 6.3 DKK (-14%, +5% FX-adjusted) 🌐
• US LFL: +6% 🇺🇸
• Europe LFL: -1% 🇪🇺
• RoP LFL: +6% 🌍
#PNDORA #PNDORA.CO #Pandora #2025Q3
• Organic growth: +6% 🚀
• LFL: +2% 📈
• Revenue: DKK 6.27B 💎
• Gross margin: 79.3% (-80bp) 📉
• EBIT margin: 14.0% (-210bp) ⚙️
• EPS: 6.3 DKK (-14%, +5% FX-adjusted) 🌐
• US LFL: +6% 🇺🇸
• Europe LFL: -1% 🇪🇺
• RoP LFL: +6% 🌍
#PNDORA #PNDORA.CO #Pandora #2025Q3
Higher gold and silver prices may pressure margins, but network expansion and strong US demand support the long-term thesis.
Still one of the best-run Nordic consumer brands with solid ROIC and pricing power.
#Pandora #PNDORA #OMXN40 #NordicStocks
Higher gold and silver prices may pressure margins, but network expansion and strong US demand support the long-term thesis.
Still one of the best-run Nordic consumer brands with solid ROIC and pricing power.
#Pandora #PNDORA #OMXN40 #NordicStocks