Pandora A/S (CHIX:PNDORc)

kr 1100.5 12 (1.1%) Market Cap: 87.44 Bil Enterprise Value: 100.08 Bil PE Ratio: 19.12 PB Ratio: 22.23 GF Score: 86/100

Q1 2024 Pandora A/S Earnings Call Transcript

May 02, 2024 / 08:00AM GMT

Release Date Price: kr1146.5 (+4.23%)

Transcript

Bilal Aziz;S;VP of IR;Treasury

Pandora A

/-&

Good morning, everyone, and welcome to the conference call for Pandora's first quarter 2024 results. I'm Bilal Aziz from the Investor Relations team, and I'm joined here by our CEO, Alexander Lacik; CFO, Anders Boyer; and the rest of the IR team. (Operator Instructions)

Please pay notice to the disclaimer on Slide 2 and turn to Slide 3. I will now turn over to Alexander.

Alexander Lacik;S;President;CEO

Pandora A

/-&

Thank you, Bilal, and welcome to everyone. Let me start by highlighting some of the key messages for the quarter.

First of all, we had a very strong start to the year, with 18% organic growth, of which 11% comes from like-for-like growth. Putting this into context, the jewelry markets around us remain rather tepid. So we think this is a great achievement. It's also great to see that our investments into our strategy are consistently paying off. Some of you will remember that our

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