US tariffs to cost Pandora up to £137m annually
Of the potential gross impact of DKK 1.2bn (£137.6m), DKK 250m (£28.67m) is linked to goods eventually sold in Canada and Latin America but distributed via the US
Register to get 1 more free article
Reveal the article below by registering for our email newsletter.
Want unlimited access? View Plans
Already have an account? Sign in
Pandora has announced that the recent US decision to impose tariffs on imports from several countries will affect the group, with a potential gross impact of around DKK 1.2bn p.a. (£137.6m), particularly in relation to products shipped to the US from Thailand, as well as from Vietnam, India, China, and other nations.
Additionally, the in-year impact in 2025 is estimated to be around DKK 700m (£80.27m).
Of the potential gross impact of DKK 1.2bn (£137.6m), DKK 250m (£28.67m) is linked to goods eventually sold in Canada and Latin America but distributed via the US.
Pandora expects to be able to fully mitigate the DKK 250m (£28.67m) related to Canada and Latin America within the next 12 months.
Pandora is actively exploring further mitigating actions to address the potential remaining DKK 950m (£108.9m) impact, including price increases and supply chain set-up.
Pandora said: “Pandora will be monitoring the development closely, including discussions between the US and countries impacted by the tariffs. Pandora will provide an update, including on mitigation measures, as well as a potential update on the 2025 EBIT-margin guidance, in due course as the situation becomes clearer.”
