• Pandora raised its 2026 organic growth forecast to 2%-3% from 0%-3%, reflecting an improved like-for-like sales outlook.
• EBIT margin guidance increased to 22.5%-23% from 22%-23%, supported by additional tariff refunds and lower transition costs.
• The 2027 reported EBIT margin forecast rose to 14%-15% from at least 12%, reflecting lower silver prices and a smoother platinum-plating transition.
• Excluding one-offs, the margin is forecast at 15.5%-16.5%, up from at least 14%; silver hedges cover 90%-100% at around USD 62/oz.
• The medium-term EBIT margin target increased to at least 23% from at least 21%, supported by the assortment transition and crafting optimization.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pandora A/S published the original content used to generate this news brief on November 04, 2026, and is solely responsible for the information contained therein.