09/14/2021 | Press release | Distributed by Public on 09/14/2021 00:30
In connection with the company's Capital Markets Day, Pandora today announces new financial targets and provides further insights into its growth strategy, Phoenix.
Highlights
Alexander Lacik, President and CEO of Pandora, says:
'We are very pleased to confirm that Pandora is back on the growth track. We have vast untapped opportunities in our existing core business and they will drive long-term sustainable and profitable growth. Our objective is to be the largest and most desirable brand in the affordable jewellery market. And we have a strong foundation to deliver on that objective.'
New insights into the Phoenix strategy
On 4 May 2021, Pandora announced the completion of its turnaround programme, Programme NOW, and provided a high-level overview of its new growth strategy, Phoenix. Phoenix is focused on the significant opportunities in Pandora's core business and has four pillars aiming at delivering sustainable and profitable revenue growth: Brand, Design, Personalisation and Core Markets.
Today, Pandora shares further details from the Phoenix strategy:
More details are available in the Financial appendix.
Event information
Pandora's Capital Markets Day runs from 13.00 to approximately 17.00 CEST today. Presentation materials will be available on the websites below from approximately 09.00 CET.
Live stream
A live stream can be accessed via Pandora's website: https://pandoragroup.com/investor
Q&A session
It will be possible to ask questions at the end of the event. Please dial in using one of the below phone numbers. The Q&A session will begin at approximately 15.45 CEST, and the lines will open 30 minutes prior. Please note the phone numbers below are only to be used for asking questions at the end of the event.
PIN code for all countries: 895 88 016#
About Pandora
Pandora is the world's largest jewellery brand. The company designs, manufactures and markets hand-finished jewellery made from high-quality materials at affordable prices. Pandora jewellery is sold in more than 100 countries through 6,700 points of sale, including more than 2,600 concept stores.
Headquartered in Copenhagen, Denmark, Pandora employs 26,000 people worldwide and crafts its jewellery at two LEED certified facilities in Thailand using mainly recycled silver and gold. Pandora is committed to leadership in sustainability and has set science-based targets to reduce greenhouse gas emissions by 50% across its own operations and value chain by 2030. The company is listed on the Nasdaq Copenhagen stock exchange and generated sales of DKK 19.0 billion (EUR 2.5 billion) in 2020.
Contact
For more information, please contact:
Investor Relations John Bäckman VP, Investor Relations, Tax & Treasury +45 5356 6909 [email protected] Kristoffer Aas Malmgren Investor Relations Director +45 3050 1174 [email protected] |
Corporate Communications Johan Melchior Director External Relations +45 4060 1415 [email protected] |
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