Pandora Estimates Gross Impact Of US Tariffs At Around DKK 1.2 Bln

April 3 (Reuters) - Pandora A/S PNDORA.CO:

• STATEMENT ON THE RECENTLY ANNOUNCED U.S. TARIFFS

• TOTAL IMPACT OF TARIFFS AS ANNOUNCED ON 2 APRIL, BEFORE ANY MITIGATING ACTIONS, IS ESTIMATED TO BE GROSS AMOUNT OF AROUND DKK 1.2 BILLION P.A.

• OF POTENTIAL GROSS IMPACT , DKK 250 MILLION IS LINKED TO GOODS EVENTUALLY SOLD IN CANADA AND LATIN AMERICA BUT DISTRIBUTED VIA U.S.

• TOTAL IMPACT OF TARIFFS AS ANNOUNCED ON 2 APRIL IN 2025 ESTIMATED TO BE AROUND DKK 700 MILLION

• EXPECTS TO BE ABLE TO FULLY MITIGATE DKK 250 MILLION RELATED TO CANADA, LATIN AMERICA WITHIN NEXT 12 MTHS

• IS EXPLORING MITIGATING ACTIONS TO ADDRESS POTENTIAL REMAINING DKK 950 MILLION IMPACT, INCLUDING PRICE INCREASES, SUPPLY CHAIN SET-UP

Source text: https://investor.pandoragroup.com/news-releases/news-release-details/statement-recently-announced-us-tariffs