PNDORA Pandora A/S

Major Shareholder Announcement

Major Shareholder Announcement

In accordance with section 30 of the Capital Markets Act, Pandora A/S hereby announces that Parvus Asset Management Europe Limited has notified the Company about a reduction of its total holding of share capital and voting rights in Pandora A/S to below 5%. Parvus Asset Management Europe Limited has notified control of the voting rights of 4,998,460 shares in the Company equivalent to 4.9985% of the total share capital and voting rights.

ABOUT PANDORA

Pandora designs, manufactures and markets hand-finished jewellery made from high-quality materials at affordable prices. Pandora jewellery is sold in more than 100 countries through 7,400 points of sale, including more than 2,700 concept stores.

Headquartered in Copenhagen, Denmark, Pandora employs 28,000 people worldwide and crafts its jewellery at two LEED certified facilities in Thailand using mainly recycled silver and gold. The company plans to be carbon neutral by 2025 and has joined the Science Based Targets initiative to reduce emissions across its full value chain. Pandora is listed on the Nasdaq Copenhagen stock exchange and generated sales of DKK 21.9 billion (EUR 2.9 billion) in 2019.

CONTACT

For more information, please contact:

INVESTOR RELATIONS

Michael Bjergby

VP, Investor Relations, Tax & Treasury



CORPORATE COMMUNICATIONS

Johan Melchior

Director External Relations



  
Christian Møller

Investor Relations Officer



 

Attachment

EN
13/07/2020

Underlying

PNDORAPandora A/S

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Reports on Pandora A/S

Jesper Ingildsen
  • Jesper Ingildsen
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PNDORA PANDORA A/S

Pandora (Buy, TP: DKK1400.00) - Likely strong start to the year

Driven by strong brand momentum, increased investments and phased network expansion, we expect Pandora to have seen a strong start to the year (Q1 results due at 07:30 CET on 2 May). We forecast c15% organic growth YOY for Q1 (consensus c12%) and, as flagged by the company, a subdued EBIT margin due to investments. We continue to regard the full-year guidance as conservative (as has tended to be the case) and believe it could be updated with the results. We reiterate our BUY and DKK1,400 target ...

04/17/24 April 17, 2024 1 EN
Jesper Ingildsen
  • Jesper Ingildsen
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PNDORA PANDORA A/S

Pandora (Buy, TP: DKK1400.00) - Beyond charming

Following a closer look, we continue to believe Pandora is positioned for strong growth. Short-term, we expect easier comparables and a market recovery; longer-term, its strategy to become known as a full jewellery company, rather than just its charms, should drive sustainably higher growth (the ‘new Pandora’). We reiterate our BUY and have raised our target price to DKK1,400 (1,150).

03/20/24 March 20, 2024 1 EN
Jesper Ingildsen
  • Jesper Ingildsen
Free Trial
PNDORA PANDORA A/S

Pandora (Buy, TP: DKK1150.00) - Momentum remains strong

Having already pre-released headline numbers in early January and with 2024 guidance largely in line with our expectations, the detailed Q4 results were rather uneventful. However, the current trading comments suggest momentum remains strong and that the 2024 guidance could prove to be conservative, which typically has been the case. We reiterate our BUY and have raised our target price to DKK1,150 (1,115).

02/08/24 February 8, 2024 1 EN
EUR 233.15
PNDORA PANDORA A/S

Pandora A/S: Update following rating affirmation

Our credit view of Pandora reflects its good geographical and channel mixes, in-house production and high margins, offset by its exposure to a fragmented industry with intense competition.

11/28/23 November 28, 2023 1 EN
EUR 167.87
PNDORA PANDORA A/S

Moody's affirms Pandora's Baa2 ratings; outlook stable

Moody's Investors Service (Moody's) has today affirmed the Baa2 long term issuer ratings of Pandora A/S (Pandora or the company), the Danish-based jewellery retailer, the Baa2 rating of its €500 million senior unsecured notes due 2028 and the (P)Baa2 ratings of its senior unsecured MTN program. The ...

11/23/23 November 23, 2023 1 EN

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