Pandora says U.S. tariffs on China to have limited impact

LONDON, Feb 5 (Reuters) - Danish jewellery maker Pandora on Wednesday said additional U.S. tariffs on imports from China have had a limited impact on the company, which makes its products at two factories it owns and operates in Thailand.

Pandora had been anticipating tariffs and working to limit the amount of imports to the U.S., its biggest market, from China, chief financial officer Anders Boyer told analysts on a fourth-quarter results call.

The impact of the additional tariffs will be "quite limited," he said, at around 15 million Danish crowns per year. Pandora imports some furniture for its stores, and some point of sale material, from China.

U.s. President Donald Trump has threatened tariffs on a wide range of countries, and Boyer outlined Pandora's scenario in case of tariffs on Thailand, currently its only production hub.

A 10% tariff on imports to the U.S. from Thailand would have an annual impact of 350 million to 400 million Danish crowns, he said.

Pandora is currently building a new factory in Vietnam, which it expects to open in early 2026.