- Danish jewellery company Pandora A/S raised its revenue in the second quarter of 2025, but the figure was worse than market forecasts.
According to the company’s press release, its revenue in April-June increased 8% in organic terms to DKK 7.08bn ($1.11bn). Analysts polled by LSEG had forecast a figure of DKK 7.17bn.
Comparable sales were up 3 per cent.
Operating profit (EBIT) last quarter was DKK1.29bn, up from DKK1.34bn in the same period a year earlier. The margin on this measure fell to 18.2 per cent from 19.8 per cent.
Net profit improved marginally to around DKK 800m.
The company still expects organic revenue growth of 7-8 per cent this year and expects an EBIT margin of around 24 per cent.
The negative impact of US import duties will be in the range of SEK 250m to SEK 500m, it said.
Pandora was founded in 1982 in Denmark. The company makes silver and gold jewellery using precious and semi-precious stones and Murano glass. Its most popular product has been bracelets with interchangeable pendants (called charms).
Pandora shares fall 12.6 per cent on the Copenhagen stock exchange on Friday. Since the beginning of the year, the company’s capitalisation has fallen 21.4% to 78.2 billion kroner.