Overview

• Pandora achieved 13% organic revenue growth in 2024, surpassing its upgraded guidance of 11–12%.
• U.S. sales grew by 9% in Q4 2024, while European sales were flat, with declines in France and Italy offset by strong growth in Germany.
• The company forecasts 7–8% organic revenue growth in 2025, citing economic challenges in Europe and rising raw material costs as key concerns.
• Pandora is constructing a $150 million production facility in Vietnam to boost crafting capacity by 50%, supporting its long-term growth strategy.
• A share buyback program of DKr4 billion and further price increases are planned to mitigate profitability pressures from rising silver costs.