Overview

* Jewellery brand's preliminary Q4 2025 organic growth at4%, EBIT margin around 33.5% * Company faced weak consumer sentiment in North Americaduring Q4 2025 * Pandora to announce full-year results and ‌strategicpriorities on February 5, 2026Outlook

* Pandora expects 2025 organic growth of ​6%, below priorguidance of 7-8% * Pandora anticipates 2025 EBIT ‍margin to be around 24% * New ⁠CEO plans to ⁠reduce commodity exposure and outline2026 prioritiesResult Drivers

* WEAK CONSUMER SENTIMENT - Pandora ‌cited weak consumersentiment in North ​America as a factor impacting Q4 2025performance * COST DISCIPLINE - Strong gross margins and cost ⁠controlhelped offset external headwinds, ‍according to ​Pandora * REGIONAL VARIATIONS - Mixed performance across regionswith strong growth in Spain and Poland, but weakness in ‍Italyand Latin AmericaKey Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Sales   DKK  

11.90

bln

Q4 EBIT   DKK 4  

bln

Q4 EBIT   33.50%  

Margin

Analyst Coverage

* The current average analyst rating on the shares is "hold"and the breakdown of recommendations is 9 "strong buy" or "buy",8 "hold" and 3 "sell" or "strong sell" * The average consensus ​recommendation ‍for the apparel &accessories peer group is "buy." * Wall Street's median 12-month price target for Pandora A/Sis DKK828.00, ​about 22.4% above its January 8 closing price ofDKK676.40 * The stock recently traded at 9 times the next 12-monthearnings vs. a P/E of 11 three months agoPress Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked ‍and edited by a Reuters journalist prior to publication.)