AI assistant
Pandora — Regulatory Filings 2012
Aug 8, 2012
3379_iss_2012-08-08_71a0afeb-1dbe-41f3-aaa8-63f3db1ab082.pdf
Regulatory Filings
Open in viewerOpens in your device viewer
No. 63 COMPANY ANNOUNCEMENT 8 August 2012
CORRECTION TO COMPANY ANNOUNCEMENT NO. 62 – INTERIM REPORT FOR Q2 2012
We have determined an errorin the section Gross Profit and Gross Margin on page 14 of Company Announcement no. 62 of 7 August 2012.
The correctsection reads:
Excluding PANDORA's hedging and the time lag effect from PANDORA's inventory, the underlying gross margin would have been approximately 69% based on average gold (1,601 USD/oz) and silver (29.23 USD/oz) market prices in Q2 2012. Under the same assumptions, a 10% deviation in quarterly average gold and silver prices would impact PANDORA's gross margin by approximately 2.5 percentage points.
which section replacesthe incorrectsection thatread:
Excluding PANDORA's hedging and the time lag effect from PANDORA's inventory, the underlying gross margin would have been approximately 66% based on average gold (1,579 USD/oz) and silver (35.48 USD/oz) market prices in Q2 2012. Under the same assumptions, a 10% deviation in quarterly average gold and silver prices would impact PANDORA's gross margin by approximately 3 percentage points.
CONTACT
Forfurther queries, please contact:
INVESTOR RELATIONS
Morten Eismark, VP Group Investor Relations Phone +45 3673 8213 Mobile +45 3045 6719
MEDIA RELATIONS
Kasper Riis, VP Group Communications Phone +45 3673 0627 Mobile +45 3035 6728