Pandora A/S
Public limited companyCVR 28505116København VActive
Pandora A/S is a public limited company, based in København V, active in manufacture of jewellery and related articles, founded in 2005. Measured by gross profit, it ranks no. 1 of 52 companies in the industry in the database. Profit has grown three years in a row. With 1,238 employees, the company is about 413 times larger than the industry median.
Key figures · financial year 2025
RevenueDKK 32.5bn+2.7% vs. 2024
Net profitDKK 5.2bn+0.3% vs. 2024
EquityDKK 5.3bn−4.1% vs. 2024
Employees1,238latest month from CVR
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 2% (2024 → 2025), to DKK 25.7bn.
- Revenue rose 3% (2024 → 2025), to DKK 32.5bn.
- Equity fell 4% (2024 → 2025), to DKK 5.3bn.
Employees
- 72 more employees than a year earlier: 1,238 (07/2026) against 1,166 (07/2025).
Management and owners, last 24 months
- New in management: Lars Sandahl Sørensen (board member, 14/08/2025), Berta De Pablos Alvarez (ceo, 01/01/2026) and Marianne Kirkegaard Knudsen (deputy chair, 11/03/2026).
- Stepped down: Povl Christian Lütken Frigast (deputy chair, 11/03/2026), Alexander Lacik (ceo, 31/12/2025) and Marianne Kirkegaard Knudsen (board member, 10/03/2026).
- New owners registered: Parvus Asset Management Jersey Limited (16/09/2025) and Pandora A/S (20/11/2025).
- No longer registered as owner: Parvus Asset Management Jersey Limited (15/09/2025).
Registrations, last 24 months
- 09/04/2026: Share capital changed from 79,000,000 DKK to 75,000,000 DKK
- 10/04/2025: Share capital changed from 82,000,000 DKK to 79,000,000 DKK
- 01/01/2025: Industry changed to Manufacture of jewellery and related articles (321200)
Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.
Financial statements
Financial years 2018–2025 · amounts in DKK thousandEquity and net profit
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 22,806,000 | 21,868,000 | 19,009,000 | 23,394,000 | 26,463,000 | 28,136,000 | 31,680,000 | 32,549,000 | +2.7% |
| Gross profit | 16,942,000 | 15,903,000 | 14,375,000 | 17,803,000 | 20,190,000 | 22,125,000 | 25,289,000 | 25,747,000 | +1.8% |
| Operating profit (EBIT) | 6,431,000 | 3,829,000 | 2,684,000 | 5,839,000 | 6,743,000 | 7,039,000 | 7,974,000 | 7,783,000 | −2.4% |
| Profit before tax | 6,582,000 | 3,829,000 | 2,494,000 | 5,378,000 | 6,533,000 | 6,234,000 | 6,926,000 | 6,913,000 | −0.2% |
| Net profit | 5,045,000 | 2,945,000 | 1,938,000 | 4,160,000 | 5,029,000 | 4,740,000 | 5,227,000 | 5,241,000 | +0.3% |
| Total assets | 19,244,000 | 21,571,000 | 19,984,000 | 18,542,000 | 22,013,000 | 23,798,000 | 27,758,000 | 29,603,000 | +6.6% |
| Equity | 6,419,000 | 5,249,000 | 7,389,000 | 7,001,000 | 7,167,000 | 5,355,000 | 5,508,000 | 5,282,000 | −4.1% |
| Liabilities | 12,825,000 | 16,322,000 | 12,595,000 | 11,541,000 | 14,846,000 | 18,443,000 | 22,250,000 | 24,321,000 | +9.3% |
| Cash and cash equivalents | 1,387,000 | 1,054,000 | 2,912,000 | 1,043,000 | – | – | – | – | – |
Source: annual reports filed with the Danish Business Authority (XBRL). Figures for the company (not the group); change is the latest year against the year before. “–” means the figure is not stated in the annual report.
Download the figures as CSV · free with an account, amounts in whole DKK
Signals from the financial statements
calculated from the 2025 figuresProfit for five years in a row
Net result has been positive in 2021–2025.
How is this calculated?
Net result is positive in the five latest annual reports in a row.
The signals are rules applied to the figures in the annual reports. They are not an assessment or credit rating of the company. See Data and method.
Annual reports
8 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 12/03/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 14/03/2025 | The company | PDF not statedXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 18/03/2024 | The company | PDF not statedXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 22/03/2023 | The company | PDF not statedXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 15/03/2022 | The company | PDF not statedXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 17/03/2021 | The company | PDF not statedXBRL |
| 2019 | 01/01/2019 – 31/12/2019 | 13/03/2020 | The company | PDFXBRL |
| 2018 | 01/01/2018 – 31/12/2018 | 22/03/2019 | The company | PDFXBRL |
The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.
Employees
monthly figures from CVRPosition in the industry
52 companies in the databaseComparison with the other companies in manufacture of jewellery and related articles based on the latest financial year.
Gross profitDKK 25.7bnNo. 1 of 52
Better than 100% of the companies in the industry
EquityDKK 5.3bnNo. 1 of 52
Better than 100% of the companies in the industry
Number of employees1,238No. 1 of 52
Better than 100% of the companies in the industry
Industry median: gross profit DKK 1.4m, net profit DKK 57,336, equity DKK 1.1m, 3 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with 1,000 employees or more177 companies in the comparison | No. 3of 147 Better than 99% | No. 34of 177 Better than 81% |
| Companies that are between 15 and 29 years old24,910 companies in the comparison | No. 3of 24,791 Better than 100% | No. 46of 24,909 Better than 100% |
| All companies of type A/S18,025 companies in the comparison | No. 7of 17,786 Better than 100% | No. 103of 18,024 Better than 99% |
The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.
Compare with the industry
Manufacture of jewellery and related articlesGross profit
- Pandora A/SDKK 25.7bn
- Shamballa Jewels A/SDKK 43.7m
- Bnh Kædevarer ApSDKK 35.4m
Net profit
- Pandora A/SDKK 5.2bn
- Shamballa Jewels A/SDKK 20.3m
- Bnh Kædevarer ApSDKK 19.5m
Equity
- Pandora A/SDKK 5.3bn
- Shamballa Jewels A/SDKK 67.8m
- Bnh Kædevarer ApSDKK 94.2m
Employees
- Pandora A/S1,238
- Shamballa Jewels A/S34
- Bnh Kædevarer ApS15
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership RegisterOwners
- BlackRock, Inc.5%
- Parvus Asset Management Jersey Limited10%
- Pandora A/S5%
Pandora A/S
Subsidiaries and ownership shares
Subsidiaries are shown only if they are in the database.
Management
9 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Anders Boyer-Søgaard | Director | 01/08/2018 |
| Berta De Pablos Alvarez | CEO | 01/01/2026 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Birgitta Stymne Göransson | Board member | 16/03/2016 |
| Peter Arne Ruzicka | Chair of the board | 01/01/2020 |
| Catherine Marie Noelle Spindler | Board member | 11/03/2020 |
| Jan Zijderveld | Board member | 11/03/2021 |
| Lilian Margareta Fossum Biner | Board member | 16/03/2023 |
| Lars Sandahl Sørensen | Board member | 14/08/2025 |
| Marianne Kirkegaard Knudsen | Deputy chair | 11/03/2026 |
- Founders
- Prometheus Invest ApS
Former management (33)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Klaus René Møller | Director | 09/03/2005 | 07/03/2008 |
| Nikolaj Vejlsgaard | Board member | 07/03/2008 | 18/03/2015 |
| Nikolaj Vejlsgaard | Director | 07/03/2008 | 29/08/2008 |
| Per Algot Enevoldsen | Board member | 07/03/2008 | 31/08/2010 |
| Erik Danquard Jensen | Board member | 22/05/2008 | 20/03/2012 |
| Mikkel Vendelin Olesen | CEO | 29/08/2008 | 03/08/2011 |
| Henrik Holmark | Director | 20/04/2009 | 31/12/2014 |
| Sten Daugaard | Board member | 31/08/2010 | 30/01/2012 |
| Andrea Dawn Alvey | Board member | 31/08/2010 | 11/03/2021 |
| Allan Leslie Leighton | Chair of the board | 08/09/2010 | 01/07/2013 |
| Marcello Vittorio Bottoli | CEO | 03/08/2011 | 01/03/2012 |
| Sten Daugaard | Director | 30/01/2012 | 01/07/2013 |
| Torben Ballegaard Sørensen | Board member | 01/03/2012 | 18/03/2015 |
| Bjørn Gulden | CEO | 01/03/2012 | 01/07/2013 |
| Anders Boyer-Søgaard | Board member | 20/03/2012 | 14/03/2018 |
| Ronica Wang | Board member | 20/03/2012 | 11/03/2021 |
| Povl Christian Lütken Frigast | Deputy chair | 01/07/2013 | 11/03/2026 |
| Marcello Vittorio Bottoli | Chair of the board | 01/07/2013 | 09/10/2014 |
| Allan Leslie Leighton | CEO | 01/07/2013 | 01/03/2015 |
| Bjørn Gulden | Board member | 13/08/2013 | 13/03/2019 |
| Michael Hauge Sørensen | Board member | 19/03/2014 | 15/03/2017 |
| Per Bank | Board member | 19/03/2014 | 11/03/2020 |
| Peder Tuborgh | Chair of the board | 09/10/2014 | 31/12/2019 |
| Peter Mareno Vekslund | Chief financial officer | 31/12/2014 | 31/07/2018 |
| Anders Colding Friis | CEO | 01/03/2015 | 31/08/2018 |
| Allan Leslie Leighton | Deputy chair | 18/03/2015 | 14/03/2018 |
| Jeremy James Leighton Schwartz | Director | 01/09/2018 | 02/04/2019 |
| Isabelle Veronique Parize | Board member | 13/03/2019 | 04/11/2021 |
| Sir John Wilfred Peace | Board member | 13/03/2019 | 11/03/2020 |
| Alexander Lacik | CEO | 23/04/2019 | 31/12/2025 |
| Peter Arne Ruzicka | Board member | 04/12/2019 | 31/12/2019 |
| Marianne Kirkegaard Knudsen | Board member | 11/03/2020 | 10/03/2026 |
| Heine Dalsgaard | Board member | 11/03/2021 | 16/03/2023 |
Signing rule: Selskabet tegnes af bestyrelsens formand eller af enhver af bestyrelsens næstformænd i forening med en direktør, af to bestyrelsesmedlemmer i forening eller af den samlede bestyrelse.
Address and production units
1 active production unitsHavneholmen 17
1561 København V
København Municipality · Postcode 1561
Other companies at the address (1)
- Pandora Int. ApSWholesale of watches and jewellery
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Pandora A/S | Havneholmen 17-19, 1561 København V | 1,244 | 1011194342 |
Purpose
Selskabets formål er at drive virksomhed med anlægsinvestering, finansiering, industri, handel og anden i forbindelse hermed stående virksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
149 registered events82015
62016
52017
82018
142019
112020
112021
62022
92023
62024
82025
62026
20266 changescapital 1 · accounts 1 · management 4
- CapitalShare capital changed from 79,000,000 DKK to 75,000,000 DKK
- AccountsAnnual report for 2025 published
- ManagementMarianne Kirkegaard Knudsen appointed deputy chair
- ManagementPovl Christian Lütken Frigast stepped down as deputy chair
- ManagementMarianne Kirkegaard Knudsen stepped down as board member
- ManagementBerta De Pablos Alvarez appointed ceo
20258 changesmanagement 2 · ownership 3 · capital 1 · accounts 1 · industry 1
- ManagementAlexander Lacik stepped down as ceo
- OwnershipPandora A/S registered as owner (5%)
- OwnershipParvus Asset Management Jersey Limited registered as owner (10%)
- OwnershipParvus Asset Management Jersey Limited is no longer registered as owner
- ManagementLars Sandahl Sørensen appointed board member
- CapitalShare capital changed from 82,000,000 DKK to 79,000,000 DKK
- AccountsAnnual report for 2024 published
- IndustryIndustry changed to Manufacture of jewellery and related articles (321200)
20246 changesownership 4 · capital 1 · accounts 1
- OwnershipBlackRock, Inc. registered as owner (5%)
- OwnershipBlackRock, Inc. is no longer registered as owner
- OwnershipParvus Asset Management Jersey Limited registered as owner (5%)
- OwnershipPandora A/S is no longer registered as owner
- CapitalShare capital changed from 89,000,000 DKK to 82,000,000 DKK
- AccountsAnnual report for 2023 published
20239 changesownership 5 · capital 1 · accounts 1 · management 2
- OwnershipParvus Asset Management Europe Limited is no longer registered as owner
- OwnershipBlackRock, Inc. registered as owner (10%)
- OwnershipBlackRock, Inc. is no longer registered as owner
- OwnershipPandora A/S registered as owner (5%)
- OwnershipPandora A/S is no longer registered as owner
- CapitalShare capital changed from 95,500,000 DKK to 89,000,000 DKK
- AccountsAnnual report for 2022 published
- ManagementLilian Margareta Fossum Biner appointed board member
- ManagementHeine Dalsgaard stepped down as board member
20226 changesownership 4 · capital 1 · accounts 1
- OwnershipSociété Générale S.A. is no longer registered as owner
- OwnershipPandora A/S registered as owner (5%)
- CapitalShare capital changed from 100,000,000 DKK to 95,500,000 DKK
- OwnershipPandora A/S is no longer registered as owner
- AccountsAnnual report for 2021 published
- OwnershipPandora A/S registered as owner (5%)
202111 changesmanagement 5 · ownership 4 · merger 1 · accounts 1
- ManagementIsabelle Veronique Parize stepped down as board member
- OwnershipBlackRock, Inc. registered as owner (5%)
- OwnershipBlackRock, Inc. is no longer registered as owner
- OwnershipParvus Asset Management Europe Limited registered as owner (5%)
- OwnershipParvus Asset Management Europe Limited is no longer registered as owner
- MergerMerger registered in CVR
- AccountsAnnual report for 2020 published
- ManagementHeine Dalsgaard appointed board member
- ManagementJan Zijderveld appointed board member
- ManagementRonica Wang stepped down as board member
- ManagementAndrea Dawn Alvey stepped down as board member
202011 changesownership 4 · accounts 1 · management 5 · name 1
- OwnershipParvus Asset Management Europe Limited registered as owner (5%)
- OwnershipSociété Générale S.A. registered as owner (5%)
- OwnershipBlackRock, Inc. registered as owner (5%)
- OwnershipPandora A/S is no longer registered as owner
- AccountsAnnual report for 2019 published
- ManagementMarianne Kirkegaard Knudsen appointed board member
- ManagementCatherine Marie Noelle Spindler appointed board member
- ManagementSir John Wilfred Peace stepped down as board member
- ManagementPer Bank stepped down as board member
- NameName changed from PANDORA A/S to Pandora A/S
- ManagementPeter Arne Ruzicka appointed chair of the board
201914 changesmanagement 8 · ownership 4 · capital 1 · accounts 1
- ManagementPeter Arne Ruzicka stepped down as board member
- ManagementPeder Tuborgh stepped down as chair of the board
- ManagementPeter Arne Ruzicka appointed board member
- OwnershipPandora A/S registered as owner (5%)
- OwnershipBlackRock, Inc. is no longer registered as owner
- ManagementAlexander Lacik appointed ceo
- OwnershipBlackRock, Inc. registered as owner (5%)
- CapitalShare capital changed from 110,029,003 DKK to 100,000,000 DKK
- OwnershipPandora A/S is no longer registered as owner
- ManagementJeremy James Leighton Schwartz stepped down as director
- AccountsAnnual report for 2018 published
- ManagementSir John Wilfred Peace appointed board member
- ManagementIsabelle Veronique Parize appointed board member
- ManagementBjørn Gulden stepped down as board member
20188 changesownership 1 · management 6 · capital 1
- OwnershipPandora A/S registered as owner (5%)
- ManagementJeremy James Leighton Schwartz appointed director
- ManagementAnders Colding Friis stepped down as ceo
- ManagementAnders Boyer-Søgaard appointed director
- ManagementPeter Mareno Vekslund stepped down as chief financial officer
- CapitalShare capital changed from 112,507,391 DKK to 110,029,003 DKK
- ManagementAllan Leslie Leighton stepped down as deputy chair
- ManagementAnders Boyer-Søgaard stepped down as board member
20175 changescapital 1 · management 1 · ownership 3
- CapitalShare capital changed from 117,056,821 DKK to 112,507,391 DKK
- ManagementMichael Hauge Sørensen stepped down as board member
- OwnershipBlackRock Inc is no longer registered as owner
- OwnershipBlackRock Inc registered as owner (5%)
- OwnershipBlackRock, Inc. is no longer registered as owner
20166 changesaddress 1 · merger 1 · capital 1 · ownership 2 · management 1
- AddressMoved to Havneholmen 17-19, 1561 København V
- MergerMerger registered in CVR
- CapitalShare capital changed from 122,297,169 DKK to 117,056,821 DKK
- OwnershipPandora A/S is no longer registered as owner
- ManagementBirgitta Stymne Göransson appointed board member
- OwnershipPandora A/S registered as owner (5%)
20158 changesownership 2 · capital 1 · management 5
- OwnershipBlackRock, Inc. registered as owner (5%)
- CapitalShare capital changed from 128,115,820 DKK to 122,297,169 DKK
- OwnershipPandora A/S is no longer registered as owner
- ManagementAllan Leslie Leighton appointed deputy chair
- ManagementTorben Ballegaard Sørensen stepped down as board member
- ManagementNikolaj Vejlsgaard stepped down as board member
- ManagementAnders Colding Friis appointed ceo
- ManagementAllan Leslie Leighton stepped down as ceo
20148 changesmanagement 6 · ownership 1 · capital 1
- ManagementPeter Mareno Vekslund appointed chief financial officer
- ManagementHenrik Holmark stepped down as director
- OwnershipPandora A/S registered as owner (5%)
- ManagementPeder Tuborgh appointed chair of the board
- ManagementMarcello Vittorio Bottoli stepped down as chair of the board
- CapitalShare capital changed from 130,143,258 DKK to 128,115,820 DKK
- ManagementPer Bank appointed board member
- ManagementMichael Hauge Sørensen appointed board member
20137 changesmanagement 7
- ManagementBjørn Gulden appointed board member
- ManagementAllan Leslie Leighton appointed ceo
- ManagementMarcello Vittorio Bottoli appointed chair of the board
- ManagementPovl Christian Lütken Frigast appointed deputy chair
- ManagementBjørn Gulden stepped down as ceo
- ManagementSten Daugaard stepped down as director
- ManagementAllan Leslie Leighton stepped down as chair of the board
20128 changesmanagement 8
- ManagementAnders Boyer-Søgaard appointed board member
- ManagementRonica Wang appointed board member
- ManagementErik Danquard Jensen stepped down as board member
- ManagementTorben Ballegaard Sørensen appointed board member
- ManagementBjørn Gulden appointed ceo
- ManagementMarcello Vittorio Bottoli stepped down as ceo
- ManagementSten Daugaard appointed director
- ManagementSten Daugaard stepped down as board member
20112 changesmanagement 2
- ManagementMarcello Vittorio Bottoli appointed ceo
- ManagementMikkel Vendelin Olesen stepped down as ceo
201010 changescapital 3 · management 4 · name 1 · merger 1 · address 1
- CapitalShare capital changed from 128,357,142 DKK to 130,143,258 DKK
- CapitalShare capital changed from 125,500,000 DKK to 128,357,142 DKK
- ManagementAllan Leslie Leighton appointed chair of the board
- NameName changed from PANDORA HOLDING A/S to PANDORA A/S
- ManagementSten Daugaard appointed board member
- ManagementAndrea Dawn Alvey appointed board member
- ManagementPer Algot Enevoldsen stepped down as board member
- MergerMerger registered in CVR
- CapitalShare capital changed from 500,000 DKK to 125,500,000 DKK
- AddressMoved to Hovedvejen 2, 2600 Glostrup
20093 changesname 1 · capital 1 · management 1
- NameName changed from PANDORA HOLDING ApS to PANDORA HOLDING A/S
- CapitalShare capital changed from 125,000 DKK to 500,000 DKK
- ManagementHenrik Holmark appointed director
200811 changesmanagement 7 · industry 2 · address 1 · name 1
- ManagementMikkel Vendelin Olesen appointed ceo
- ManagementNikolaj Vejlsgaard stepped down as director
- IndustryIndustry changed to Wholesale of watches and jewellery (464800)
- ManagementErik Danquard Jensen appointed board member
- AddressMoved to Egegårdsvej 59-61, 2610 Rødovre
- NameName changed from KLMØG2 ApS to PANDORA HOLDING ApS
- ManagementNikolaj Vejlsgaard appointed board member
- ManagementPer Algot Enevoldsen appointed board member
- ManagementNikolaj Vejlsgaard appointed director
- ManagementKlaus René Møller stepped down as director
- IndustryIndustry changed to Activities of non-financial head offices (701010)
20052 changesfounded 1 · management 1
- FoundedRegistered as KLMØG2 ApS
- ManagementKlaus René Møller appointed director
Related companies
Same industry in København
- Shamballa Jewels A/S34 employees
- Beadhouse ApS22 employees
- Dulong Fine Jewelry A/S18 employees
- Kinraden ApS17 employees
- Monies A/S14 employees
- Orit Elhanati ApS7 employees
Same people in management
- Salling Group A/Svia Per Bank
- Coop Danmark A/Svia Per Bank
- Arla Foods AMBAvia Peder Tuborgh
- 365discount A/Svia Per Bank
- LEGO System A/Svia Sten Daugaard
- Novozymes A/Svia Heine Dalsgaard
Largest in the industry
- Shamballa Jewels A/SDKK 43.7m
- Bnh Kædevarer ApSDKK 35.4m
- Camille Brinch Jewellery ApSDKK 14m
- Monies A/SDKK 11.6m
- Diamonds By von Arenstorff ApSDKK 6.5m
- Stine A Jewelry ApSDKK 4.8m
Source and updates
The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 23/10/2026.