No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Jeweller Pandora posted a 3.3% decline in firstquarter revenues on Wednesday, dropping to DKK 7.11bn (822.44m) as softer consumer sentiment in North America and continued weakness across parts of Europe weighed on its performance.
On an organic basis, Pandora said revenues rose 2%, supported by network expansion and other commercial initiatives, while likeforlike sales were flat. The group's EBIT margin eased to 20.9% from 22.3%, with Pandora citing significant external headwinds from tariffs, commodity costs and foreignexchange movements. Operating profits fell 9.3% to DKK 1.48bn (171.21m).
Regional performance was mixed, with EMEA down 2% on a likeforlike basis, while AsiaPacific rose 12% and Latin America advanced 6%.
Pandora also reiterated its 2026 guidance for an organic revenue decline of 1-2% and an EBIT margin of 21-22%, noting that current trading in the second quarter showed broadly flat likeforlike growth.
Chief executive Berta de PablosBarbier said Pandora was progressing initiatives to "reenergise" growth and expanding into new materials as it positions itself as a multimaterial jewellery brand, despite an uncertain economic and geopolitical backdrop.
As of 1145 BST, Pandora shares were up 11.7% at DKK 555.80 each.
Reporting by Iain Gilbert at Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.