Pandora

Pandora confirms strategy to replace silver jewelry with platinum-coated products and has hedged 90–100% of its silver needs for 2027 at around $65 per troy ounce. After a strong second quarter with revenue of DKK 7,219 million, organic growth of 3% and an operating margin of 20.3%, the company raised its full-year guidance to organic growth of 0–3% and a margin of 22–23%. Pilot tests of platinum-coated collections ran in July in the Netherlands, a broader test is planned for Q4 2026 and a rollout is scheduled for 2027; analysts point to an uncertain consumer climate and execution risks. » More on finanzen.net

Pandora is accelerating the shift from silver jewellery to platinum-coated pieces and has hedged 90–100% of its silver needs for 2027 at about $65 per troy ounce. A pilot test in the Netherlands ran in July, a wider test is planned for Q4 2026, and the conversion is to be completed in 2027. After a strong second quarter, Pandora raised its full-year guidance for growth and operating margin but sees risks from the uncertain consumer climate in North America and Europe as well as execution risks in the transition. » More on finanzen.net

Pandora lifts its 2026 guidance: expected organic growth 0–3% (previously -1–2%) and an increased EBIT margin of 22–23% due to a one‑off partial refund of US customs duties. In Q2 Pandora grew organically by 3% with revenue of DKK 7,219m; gross margin benefited from a special effect of 230 basis points and stood at 80.5%. Without the special effect the gross margin would have been 78.2%; the EBIT margin rose to 20.3%, of which 250 basis points were attributable to the customs refund. Regionally, like‑for‑like sales fell in North America and EMEA, while Asia‑Pacific and Latin America posted strong gains; for Q3 Pandora so far reports like‑for‑like growth in the mid single digits. » More on de.investing.com