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Pandora A/S on Wednesday lowered its 2026 profit margin target, citing persistent headwinds from commodity prices and foreign exchange rates, even as it reported sales growth for the third quarter.
Pandora A/S said Tuesday that Chief Executive Alexander Lacik will retire in March 2026 and will be succeeded by the company's marketing chief, Berta de Pablos-Barbier.
Pandora A/S on Friday reported an 8% rise in second-quarter organic growth, driven by strong U.S. sales and store network expansion, but saw its profit margin narrow amid macroeconomic pressures.
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| Transactions in connection with share buyback programme | 14 Mar 2022 |