Pandora A/S (PNDZF) Q1 2023 Earnings Call Transcript

Pandora A/S (OTCPK:PNDZF) Q1 2023 Earnings Convention Name Could 3, 2023 5:00 AM ET

Firm Members

Bilal Aziz – Investor Relations

Alexander Lacik – Chief Govt Officer

Anders Boyer – Chief Monetary Officer

Convention Name Members

Grace Smalley – Morgan Stanley

Kristian Godiksen – SEB

Michael Rasmussen – Danske Financial institution

Chiara Battistini – JP Morgan

Klaus Kehl – Nykredit

Lars Topholm – Carnegie

Piral Dadhania – RBC

Antoine Belge – BNP

Maria-Laura Adurno – Financial institution of America

Frederick Wild – Jefferies

Abhinav Sinha – Société Générale

Thomas Chauvet – Citi

Louise Singlehurst – Goldman Sachs

Bilal Aziz

Good morning, everybody and welcome to the Convention Name for Pandora’s First Quarter Outcomes for 2023. I’m Bilal Aziz from the Investor Relations workforce. And I’m joined right here by our CEO, Alexander Lacik; CFO, Anders Boyer and the IR workforce. As typical, there will probably be a Q&A session on the finish of the decision. Should you might kindly restrict your self to 2 questions at a time, then that may be nice. Please pay discover to the disclaimer on Slide 2 and switch to Slide 3.

I’ll now flip over to Alexander.

Alexander Lacik

Thanks, Bilal and welcome everybody. Let me begin by saying some key highlights from our first quarter. As you all know, the macroeconomic atmosphere continues to stay difficult with shoppers nonetheless underneath strain.

Regardless of this, we simply delivered yet one more quarter which demonstrates our resiliency. The natural development ended at plus 1 with our like-for-like flat. Underpinning that is our relentless execution of the Phoenix custom. We’ve seen good progress on our key strategic initiatives. Price highlighting is the sturdy development of our Timeless and Pandora Me platforms.

We additionally continued to enhance this Friday by way of optimistic development from our latest retailer openings, all of that are