Danish jewelry giant Pandora has announced a positive first quarter 2025 result, with a 7% increase in revenue to DKK 7,34 billion (approximately €980 million). These results highlight the brand's resilience and continued global appeal.
In addition to revenue growth, Pandora demonstrated remarkable strength in profitability. Gross margin continued its strengthening trend, reaching an impressive 80,4%. This represents an increase of 110 basis points compared to the previous year, a significant result considering the persistent “negative pressures related to raw materials”. The company attributes this positive performance to an effective pricing strategy, gains achieved through operational efficiency and a lower incidence of costs related to downstream integration.
In its financial note, Pandora also recalled the start, at the beginning of February, of a new share buyback program worth DKK 4 billion. This strategic move, as explained by the company, contributed significantly to the growth of earnings per share, which marked a remarkable increase of 19% during the first quarter of 2025.
These quarterly results underscore Pandora’s ability to navigate a challenging global economic environment while maintaining a growth trajectory and improving its profitability. The combination of a solid business strategy and targeted financial initiatives appears to be paying off, further strengthening Pandora’s position in the jewelry market. Investors and analysts will be closely watching the upcoming developments to assess the sustainability of this positive performance throughout the year.
