Logotype for Pandora

Pandora (PNDORA) investor relations material

Pandora Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Pandora
Q2 2025 earnings summary15 Aug, 2025

Executive summary

  • Achieved 8% organic and 3% like-for-like growth in Q2 2025, with high margins despite significant FX, commodity, and tariff headwinds.

  • Phoenix strategy drives brand transformation and expansion beyond wristwear, with strong product pipeline and marketing for H2.

  • Strong US and Rest of Pandora performance offset China and select European market challenges.

  • Continued investment in brand, digital, and store network, including new flagship and Evoque concept stores.

  • Strategic store closures in China (~100 planned) to improve profitability.

Financial highlights

  • Q2 2025 revenue: DKK 7,075m (+8% YoY); H1 2025 revenue: DKK 14,421m (+8% in local currency).

  • Gross margin at 79.3% (down 90bp YoY); EBIT margin at 18.2% (down 160bp YoY).

  • EPS Q2 2025: DKK 10.3, up 6% YoY (18% at constant FX).

  • Return on invested capital (ROIC) at 44%.

  • Cash conversion at 74%; CAPEX at 8.5% of revenue.

Outlook and guidance

  • FY 2025 organic growth guidance unchanged at 7–8%, like-for-like at 4–5%.

  • EBIT margin guidance maintained at ~24% for 2025, with 2026 target at least 24% despite external headwinds.

  • Guidance does not factor in further macro deterioration or indirect consumer impacts from tariffs.

  • H2 expected to accelerate due to new product launches and strong marketing campaigns.

  • Network expansion expected to add ~3% growth; FX rates represent a 3.3% revenue headwind.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Pandora earnings date

Logotype for Pandora
Q3 20255 Nov, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Pandora earnings date

Logotype for Pandora
Q3 20255 Nov, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Pandora A/S designs, manufactures, and markets hand-finished and contemporary jewelry worldwide. It offers gold, sterling silver, diamonds, gemstones, and genuine pearls. The company provides bracelets, charms and clips, necklaces and pendants, rings, earrings, etc. Pandora A/S was formerly known as Pandora Jewellery Danmark ApS and changed its name to Pandora A/S in August 2009. The company was founded in 1982 and is based in Copenhagen, Denmark.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage