Pandora remains on the target of margin 25% in 2026
Pandora maintains the guidance for 2025 of 7-8% organic growth Pandora maintains the guidance for 2025 of 7-8% organic growth, while noting the elevated macro uncertainty. The EBIT margin guidance for 2025 is also maintained at, around 24% despite including the 60bp headwind based on current tariff levels. Current trading in July has seen growth at around 2%. This has been negatively impacted by; a) a weak end of Season Sale and; b) the timing of product launches with Pandora Essence being launched in May 2024 while Talisman/Minis will be launched at the end of Q3 2025. Alexander Lacik, President and CEO of Pandora, says, “In these turbulent times, we are satisfied with yet another quarter of high single-digit organic growth and strong profitability. The results show that our brand and unique storytelling proposition continue to attract more consumers and that our global footprint enables us to balance ups and downs across the markets. ...