FY 2025 highlights In 2025, Pandora delivered organic revenue growth of 6% (guidance of 7-8%). This comprised of like-for-like (LFL) growth of 2% and network expansion & other of 4%.The EBIT margin ended at 23.9% (guidance of around 24%), down 130bp Y/Y, reflecting the company’s ability to mitigate most of the 300bp external cost headwinds.Strong cash conversion of 65% sees leverage end at 1.3x NIBD/EBITDA. EPS ended at DKK 68, up 5% on a reported basis and up 15% in constant currency. Q4 2025 highlights Q4 ...