BlackRock's New Shareholding in Pandora A/S Explained

BlackRock Increases Stake in Pandora A/S
In a recent announcement, Pandora A/S disclosed that BlackRock, Inc. has increased its shareholding in the company. Currently, BlackRock holds 7,497,838 shares, which represents 9.49% of Pandora's total voting rights and share capital. This marks a slight increase from the previous holding of 9.47%. Furthermore, BlackRock’s influence extends to financial instruments, contributing an additional 0.51% to their control over the company’s voting rights. This means that overall, BlackRock, Inc. now controls a total of 10.0% of Pandora's voting rights, a notable rise from last reported figures of 9.98%.
Understanding Pandora's Market Position
Pandora A/S is recognized as the world's largest jewelry brand, specializing in luxury jewelry crafted from high-quality materials. The brand is committed to making luxury accessible and ensures that each piece serves as a means of self-expression for its customers. With its jewelry sold in over 100 countries, Pandora operates around 6,800 points of sale, including more than 2,700 concept stores.
Commitment to Sustainability
Headquartered in Copenhagen, Denmark, Pandora employs about 37,000 people globally and is committed to sustainability. The company utilizes recycled silver and gold in its jewelry, aligning with its mission to significantly reduce its environmental impact. Notably, Pandora has set an ambitious goal to halve its greenhouse gas emissions across its operations by 2030, standing out as a leader in the sustainability sector within the jewelry industry.
Recent Financial Achievements
Pandora A/S is publicly traded on the Nasdaq Copenhagen stock exchange and reported a robust revenue of DKK 31.7 billion (approximately EUR 4.2 billion) in the recent financial period. This impressive figure underscores the company's strong market presence and successful business model, drawing attention from investors and stakeholders alike. With BlackRock's increased shareholding, confidence in Pandora's continued growth appears strong.
Contacting Investor Relations
If you have any questions or require more information, the following contacts at Pandora are available for inquiries:
Investor Relations
Bilal Aziz
SVP, Investor Relations & Treasury
+45 3137 9486
biazi@pandora.net
Corporate Communications
Johan Melchior
VP, Media Relations & Public Affairs
+45 4060 1415
jome@pandora.net
Additional Contact
Adam Fuglsang
Director, Investor Relations
+45 6167 7425
adfug@pandora.net
Frequently Asked Questions
What percentage of shares does BlackRock hold in Pandora?
Currently, BlackRock holds 9.49% of Pandora's total voting rights and share capital.
How does Pandora ensure its products are sustainable?
Pandora uses only recycled silver and gold in its jewelry, committing to halve greenhouse gas emissions by 2030.
Where can Pandora's products be purchased?
Pandora jewelry is sold in over 100 countries with many dedicated concept stores worldwide.
What is Pandora's recent financial performance?
Pandora reported a revenue of DKK 31.7 billion, showcasing a strong market presence.
How can I contact Pandora for more information?
Interested parties can reach out to their Investor Relations or Corporate Communications contacts listed above.
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