Like-for-like improves following brand relaunch - Turnaround initiatives continue - Seite 2

	Q4 2019	Q4 2018	FY 2019	FY 2018
Like-for-like1, %	-4%	-7%	-8%	-4%
Organic growth, %	-1%	-1%	-8%	-2%
Revenue, DKK million	7,956	7,890	21,868	22,806
EBIT margin, %	35.3%	32.0%	26.8%	28.2%

¹Like-for-like is adjusted for Hong Kong SAR in Q3 and Q4 to provide comparable figures

CONFERENCE CALL
A conference call for investors and financial analysts will be held today at 11.00 CEST and can be joined online at www.pandoragroup.com. The presentation for the call will be available on the website at least 15 minutes before the call.

Please dial in 5-10 minutes prior to the start time using one of the numbers below:

DK: + 45 35 44 55 77
SE: + 46 85 66 42 651
UK: + 44 33 33 000 804
US: + 1 855 85 70 686
Please use PIN: 536 35 005#

Link to webcast: https://pandora.eventcdn.net/2019fy/

ABOUT PANDORA
Pandora designs, manufactures and markets hand-finished and contemporary jewellery made from high-quality materials at affordable prices. Pandora jewellery is sold in more than 100 countries on six continents through more than 7,500 points of sale, including more than 2,700 concept stores.

Founded in 1982 and headquartered in Copenhagen, Denmark, Pandora employs more than 26,000 people worldwide of whom more than 11,500 are located in Thailand, where the Company manufactures its jewellery. PANDORA is publicly listed on the Nasdaq Copenhagen stock exchange in Denmark. In 2018, Pandora’s total revenue was DKK 22.8 billion (approximately EUR 3.1 billion).

CONTACT
For more information, please contact:

INVESTOR RELATIONS Michael Bjergby VP, Investor Relations, Tax & Treasury [phone] [e-mail]	CORPORATE  COMMUNICATIONS Mads Twomey-Madsen VP, Corporate Communications & Sustainability [phone] [e-mail]
	Johan Melchior Director External Relations [phone] [e-mail]

Attachments

• Pandora Q4 2019 Interim Report Company Announcement No_578
• Pandora Appendix_Company Announcement_No_578