BRIEF-Pandora Still On Track For 2024 EBIT Margin Of Around 25%, CFO Says

Reuters

2024-11-06

Nov 6 (Reuters) - Pandora A/S :

* CFO: WE ARE WELL ON TRACK FOR OUR FULL YEAR OPERATING PROFIT MARGIN OF AROUND 25%

* CFO: WE WILL BE RESUMING HEDGING OF COMMODITY PRICES

* CFO: EBIT MARGIN IN 2025 COULD BE UP TO 100 BASIS POINTS DOWN COMPARED TO WHERE WE ARE CURRENTLY TRADING

* CEO: WE ARE STILL FULLY COMMITTED ON LAB-GROWN DIAMONDS, BUT THIS IS A LONG GAME FOR US

* CEO: WE REMAIN COMMITTED TO CHINA

* CEO: WHEN WE GET CRITICAL MASS OF CUSTOMERS IN SHANGHAI WE WILL CONSIDER WHICH OTHER CHINESE CITIES TO ENTER

Further company coverage:

(Reporting by Isabelle Yr Carlsson and Louise Rasmussen)

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