Pandora rises after Q2 beat and guidance hike

Pandora A/S

13/08/2026 08:41

** Shares in Pandora PNDORA.CO rise about 4% after the Danish jewellery company reported Q2 results above market expectations and raised its guidance
** The Q2 results met an already-elevated buyside bar, Jefferies writes in a note
** Q2 EBIT came in at DKK 1.46 billion ($225 million) versus consensus of DKK 1.10 billion; sales were DKK 7.22 billion versus estimate of DKK 7.21 billion
** EBIT margin of 20.3% also comfortably beat consensus of 15.3%
** Pandora raised its 2026 EBIT margin guidance to 22-23% from 21-22% and organic sales growth guidance to 0-3% from -1-2%
** Jefferies says the opex-driven underlying EBIT margin beat, margin guidance raise driven entirely by tariff refunds, and the substantial hedging now in place for 2027 silver prices all represent positives
** Current Q3 trading indicates mid-single-digit percent like-for-like growth, against Q3 consensus of 0%, according to the broker
($1 = 6.4885 Danish crowns)

(Reporting by Alexander Klyve Gudbrandsen)
((alexanderklyve.gudbrandsen@thomsonreuters.com))