Efter aflæggelse af Q2 regnskabet afholdte Pandoras ledelse med analytikerne, deres investorpræsentation som kan ses via dette link. Her har man mulighed for at høre Q&A med analytikerne efter ledelsens indledende præsentation.
Pandora indleder præsentationen sådan:
- Organic growth was significantly down at -38% as the majority of physical stores were temporarily closed in
the quarter due to COVID-19 - Online growth accelerated to 176% supported by an improved site and increased digital media spend
- Total sell-out growth incl. temporarily closed stores was -39% dragged down by physical stores and partly
offset by the positive online development
• Traffic into physical stores has steadily recovered since the reopening across markets, but remains at a low
level compared with pre-COVID-19
• Positive EBIT margin despite the significant decline in revenue due to COVID-19
• Immediate cost reductions measures effectuated – 15% decrease in total OPEX
• Limited impact on the gross margin due to COVID-19
• Programme NOW cost initiatives progressing as planned
• Run-rate savings target of DKK 1.4 billion is confirmed
• Strong free cash flow due to COVID-19 related cash management measures and return of excess tax paid in
2019
• 44% decrease in trade receivables during the quarter
