Outlook

Financial Guidance for 2022

The Phoenix strategy aims to deliver sustainable and profitable growth. And in 2021 Pandora delivered on that purpose. In 2022, Pandora expects to continue the journey and deliver solid organic revenue growth – confirming that Pandora is back on the growth track.

Pandora targets an organic growth of 4-6% and an EBIT margin of 25.0-25.5% in 2022. This includes expected headwinds following the unusually high growth in the US in 2021 and expected negative impact from the Russia / Ukraine war, COVID-19 and inflation.

For further details, please refer to Pandoras Q1 report for 2022, page 16: find it here.