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Pandora A/S/€PNDORA

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About Pandora A/S

Pandora A/S is a Danish company headquartered in Copenhagen, known for designing, manufacturing, and marketing jewelry. Its core products include charms, bracelets, rings, necklaces, and earrings, with a significant focus on customizable charm bracelets. Founded in 1982, Pandora has expanded its geographic footprint with a presence in over 100 countries through numerous points of sale, including owned concept stores and franchise stores. The company operates a vertically integrated business model, allowing control over the entire value chain from design and manufacturing to direct retail. This structure contributes to its ability to offer high-quality, affordable jewelry, maintaining a strong brand identity and customer base.
Ticker
€PNDORA
Sector
Consumer Discretionary
Primary listing
XGAT
Employees
39,000
Headquarters
Copenhagen, Denmark
Website
www.pandoragroup.com

Pandora A/S Metrics

BasicAdvanced
€9.6B
13.93
€9.24
1.25
€2.94
2.29%

What the Analysts think about Pandora A/S

Analyst ratings (Buy, Hold, Sell) for Pandora A/S stock.
Analyst projections of the future price of Pandora A/S stock.

Bulls say / Bears say

Q3 like-for-like sales rose 4%, ahead of analyst expectations, and Pandora narrowed its 2026 organic-growth guidance to 2–3%. Growth improved in North America and EMEA as well as remaining strong in Asia-Pacific. (Pandora, Investing.com)
Asia-Pacific like-for-like sales grew 20% in Q3, while the Core and Fuel with More collections also improved. Pandora says its expanded Talisman range and culturally focused campaigns are attracting customers, giving its product refresh a chance to sustain demand. (Pandora)
Pandora raised its 2027 operating-margin target excluding one-offs to 15.5–16.5%, and hedged most of its 2027 silver needs at about $62 an ounce, below its previous $82 assumption. The lower cost assumption and platinum-plated range could ease the pressure from silver and support future margins. (Investing.com, Pandora)
The Q3 operating-margin rise relied heavily on a one-off US tariff refund; Pandora said the underlying margin was broadly flat. Excluding the refund and related items, earnings per share fell 20% year on year, showing that the reported profit beat overstates underlying momentum. (Investing.com, Pandora)
Like-for-like growth slowed to 1% in October, and Japan accounted for nearly half of Q3 like-for-like growth; Pandora expects growth there to moderate. That leaves the recent improvement vulnerable if demand in its other markets does not strengthen further. (Investing.com)
Cash conversion and working capital are a concern: free cash flow including lease payments turned negative at DKK 557 million, while inventory rose to 22% of revenue from 16.4%. Pandora also raised its forecast for net financial expenses, citing foreign-exchange and hedging losses. (Investing.com)
Data summarised monthly by Lightyear AI. Last updated on 4 Nov 2026.

Pandora A/S Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Pandora A/S Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.