Outlook

The economic outlook for 2024 continues to be impacted by lingering macroeconomic uncertainty. Pandora will continue to execute on its Phoenix strategy which has yielded consistently positive results. The financial guidance for 2024 will reflect this strategic momentum with the macroeconomic climate in mind. 

Pandora is currently targeting organic growth of +9% to +12% and an EBIT margin of around 25%. The low-end of the guidance accounts for a weakening of macroeconomic conditions relative to that being witnessed as of August 13.

For further details, please refer to Pandoras Q2 report for 2024, page 16: find it here.