BlackRock Increases Stake in Pandora A/S: Market Implications
BlackRock Increases Stake in Pandora A/S
In a significant update within the financial markets, Pandora A/S has received a notification from BlackRock, Inc. concerning its shareholding status. According to the latest announcement, BlackRock now owns a total of 7,485,780 shares, which equates to 9.47% of Pandora's total voting rights and share capital. This reflects a slight reduction from their previous holding of 9.51%. Furthermore, BlackRock has also reported control over voting rights linked to financial instruments that account for 0.50%, slightly up from 0.49% in previous reports. Thus, their overall control is at 9.98%, a minor decrease from a previous 10.01%.
Understanding Pandora A/S
Pandora A/S is not just a jewellery company; it stands as the largest jewellery brand in the world. Known for its focus on designing, crafting, and marketing accessible luxury jewellery, Pandora emphasizes the use of high-quality materials. Their jewellery pieces are thoughtfully created to foster self-expression, enabling wearers to share their individual stories and passions through what they wear. With a global presence, Pandora products are available in over 100 countries through approximately 6,800 points of sale, which includes more than 2,700 dedicated concept stores.
Sustainability and Craftsmanship
Headquartered in Copenhagen, Denmark, Pandora employs a workforce of approximately 37,000 employees. A key aspect of the brand's philosophy is its commitment to sustainable practices. The brand prides itself on using only recycled silver and gold in its products and has outlined ambitious goals to significantly reduce greenhouse gas emissions across its entire value chain by the year 2030. This dedication to sustainability positions Pandora as a leader not only in jewellery design but also in environmental responsibility.
Financial Performance and Market Position
Recently, Pandora has demonstrated robust financial performance, generating an impressive revenue of DKK 31.7 billion, which is equivalent to about EUR 4.2 billion. This growth reflects the brand's strong market positioning and its ability to resonate with consumers seeking both quality and meaningful jewellery. The support from major investors like BlackRock underscores investor confidence in Pandora's operational strategies and future growth potential.
Investor Relations Contact Information
For further insights or queries, interested parties can reach out to the Investor Relations team at Pandora:
Investor Relations
Bilal Aziz
Senior Vice President, Investor Relations & Treasury
Phone: +45 3137 9486
Email: biazi@pandora.net
Corporate Communications
Johan Melchior
Vice President, Media Relations & Public Affairs
Phone: +45 4060 1415
Email: jome@pandora.net
Additional Contact
Adam Fuglsang
Director, Investor Relations
Phone: +45 6167 7425
Email: adfug@pandora.net
Frequently Asked Questions
What recent change did BlackRock make regarding Pandora?
BlackRock has notified Pandora A/S that it now holds 9.47% of the company's voting rights, a small decrease from its prior holding.
What is Pandora's commitment to sustainability?
Pandora insists on using recycled materials in its jewellery and aims to halve its greenhouse gas emissions by 2030.
How does Pandora A/S contribute to self-expression?
Each piece of Pandora jewellery is designed with the purpose of inspiring individuals to share their stories and passions through their accessories.
Where is Pandora A/S headquartered?
Pandora is headquartered in Copenhagen, Denmark, and operates more than 2,700 concept stores globally.
How much revenue did Pandora generate recently?
Pandora reported a revenue of DKK 31.7 billion, approximately EUR 4.2 billion.
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