Pandora A/S

Pandora designs, manufactures and markets jewelry made from genuine metals. Co. designs, produces and sells charms, bracelets, rings, necklaces, pendants and earrings. Co.'s products are made from gold, silver, gemstones, cultured pearls and stones and other jewelry materials. Co.'s jewelry is sold in more than 90 countries on six continents through approximately 9,900 points of sale, including more than 1,400 concept stores. Co.'s products are sold globally through such points of sale as concept stores, silver stores, gold stores, shop-in-shops and white stores.
  • TickerPNDORA
  • ISINDK0060252690
  • ExchangeNasdaq Nordic Copenhagen
  • SectorPersonal Goods
  • CountryDenmark
Fredrik Ivarsson ...
  • Johan Brown

Pandora - Trading update above expectations

Ongoing sales recovery Q2’20e earnings stronger than feared FY’20e consensus to come up 8-10%

Louis AZAIS

Short term view - PANDORA A/S : The support has been breached.

The previous low has been broken, the bearish trend is confirmed. The next target is at dk 396.50. The invalidation level is above dk 520.40.Arguments :- The support has been breached.- The target is close.

Louis AZAIS

Analyse court terme - PANDORA A/S : Le support est enfoncé.

Le précédent creux vient d'être enfoncé, ceci confirme la tendance baissière. Le prochain objectif est à 396,50 dk. Le niveau d'invalidation est au-dessus de 520,40 dk.Arguments :- Le support est enfoncé.- L'objectif est proche.

Louis AZAIS

Short term view - PANDORA A/S : The major support has been breached.

The previous low has been broken, the bearish trend is confirmed. The next target is at dk 449.30. The invalidation level is above dk 706.40.Arguments :- The major support has been breached.- The target is close.- Prices are breaking below the moving average, it is a sign of weakness.

Louis AZAIS

Analyse court terme - PANDORA A/S : Le support majeur est enfoncé.

Le précédent creux vient d'être enfoncé, ceci confirme la tendance baissière. Le prochain objectif est à 449,30 dk. Le niveau d'invalidation est au-dessus de 706,40 dk.Arguments :- Le support majeur est enfoncé.- L'objectif est proche.- Les prix enfoncent la moyenne mobile, c'est un signal de faiblesse.

Valérie GASTALDY

Medium term view - PANDORA A/S : The moving average is capping prices.

The trend has been momentarily interrupted by a correction. Prices just hit the resistance, it is probably resuming. The next target is at dk 377.00. The invalidation level is above dk 704.60.Arguments :- The major resistance has been reached, it causes the fall.- The moving average is capping prices.- The reaction on the support is weak, we anticipate its break soon.

Fredrik Ivarsson ...
  • Johan Brown

Pandora - Trading update above expectations

Ongoing sales recovery Q2’20e earnings stronger than feared FY’20e consensus to come up 8-10%

Ole Martin Westgaard

Pandora (Hold, TP: DKK370.00) - Slowly but surely re-opening

We are largely in line with Q2 consensus (results due at 07:30 CET on 18 August), as temporary store closures will have hit physical store revenues hard and been only partly offset by solid online sales growth. We reiterate our HOLD, but have raised our target price to DKK370 (225) on a more favourable long-term outlook and peer group multiples expansion supporting the 2021 valuation.

André Thormann ...
  • Benjamin Silverstone
  • Fredrik Ivarsson
  • Jan Erik Gjerland
  • Jannick Lindegaard Denholt
  • Jonas Bru Lien
  • Karl Fredrik Schjøtt-Pedersen
  • Tobias Kaj
  • Victor Forssell

Talking Points - NNIT (Hold): Currently resilient to COVID-19

Pandora (Hold) Post-results comment: We are tempted, but not just yet Q1 below consensus, margins hit by Novo Nordisk Cost programme positive, but risk remains; up to HOLD

Fredrik Ivarsson

Pandora - We are tempted, but not just yet

Positive growth in January-February We increase ’21e-’22e sales and EBIT by 1% Reiterate HOLD and DKK 285 target

Ole Martin Westgaard

Pandora (Hold, TP: DKK225.00) - Covid-19 puts turnaround on hold

Pandora reported a mixed Q1, including figures slightly above consensus on EBIT and below on net profit, and a grim Q2 outlook due to Covid-19. Nonetheless, we have lifted our target price to DKK 225 (200) reflecting what we believe is lowered risk following the positive sales trends in the two first months confirming that the turnaround story was on track prior to Covid-19, and eased liquidity concerns.

David Martinsson ...
  • Frank Maaø
  • Jon Masdal
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Viktor Trollsten

Northern Lights

Alexander Aukner ...
  • David Martinsson
  • Helene Kvilhaug Brøndbo
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Eventful start to 2020

Ole Martin Westgaard ...
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

Christer Magnergård ...
  • Christoffer Wang Bjørnsen
  • Jesper Ingildsen
  • Jon Masdal
  • Martin Arnell
  • Martin Hoang Nguyen
  • Mattias Holmberg
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

Mattias Holmberg ...
  • Ole Martin Westgaard
  • Ole-Andreas Krohn

Northern Lights

With a more favourable environment, PANDORA A/S improves to Slightly Positive

PANDORA A/S (DK), a company active in the Clothing & Accessories industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date June 26, 2020, the closing price was DKK 356.50 and its potential was estimated at DKK 403.51.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Pandora - AGM 11 March 2020

In general, Pandora is in compliance with the Danish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 5.5 it is proposed to re-appoint Ms. Birgitta Stymne Göransson as Member of the board of directors. In view of concerns over aggregate time commitments, ECGS normally would have recommended opposition. However, considering that the proxy card does not permit this, it recommends abstention instead. Under ITEM 5.8 it is proposed to newly appoint Ms. Marianne Kirkegaard as Member of the board of directors. Although she would qualify as independen...

Expert Corporate Governance Service (ECGS)

Pandora- EGM 04 December 2019

In general, Pandora is in compliance with the Danish regulations relating to the organisation and procedures of the Extraordinary General Meeting. ECGS notes that the current Chairman of the board of directors, Mr. Peder Tuborgh, expects to resign from the board with effect as of December 31, 2019. Under ITEM 1, it is proposed to newly appoint Mr. Peter A. Ruzicka as Chairman of the board of directors. The proposed term of appointment of 1 year is in line with provision 3.1.5 of the Danish Recommendations on Corporate Governance. Based on the available information, Mr. Ruzicka would qualify ...

Expert Corporate Governance Service (ECGS)

Pandora - March, 13 2019

In general, Pandora is in compliance with the Danish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 5.1, it is proposed to re-appoint Mr. Peder Tuborgh as Chairman of the board of directors. Although Mr. Tuborgh is considered independent, ECGS has concerns over his aggregate time commitments. Mr. Tuborgh is serving as CEO of Arla Foods amba (substantial non-listed company) and Chairman of the board of directors of Pandora A/S (listed), which exceeds ECGS' guidelines. ECGS furthermore notes that Mr. Tuborgh is currently chairing the Company's ...

Pandora – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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