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Pandora (PNDZF) Q4 2018 Results - Earnings Call Transcript

Feb. 05, 2019 3:05 PM ETPandora A/S (PNDZF)
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Pandora (OTCPK:PNDZF) Q4 2018 Earnings Conference Call February 5, 2019 5:00 AM ET

Company Participants

Michael Bjergby - IR

Jeremy Schwartz - COO

Anders Boyer - CFO

Conference Call Participants

Chiara Battistini - JPMorgan

Elena Mariani - Morgan Stanley

Lars Topholm - Carnegie

Michael Rasmussen - ABG

Hans Gregersen - Nordea

Anne-Laure Bismuth - HSBC

Thomas Chauvet - Citi

Piral Dadhania - RBC Capital Markets

Magnus Jensen - SEB

Zuzanna Pusz - Berenberg

Fredrik Ivarsson - Kepler Cheuvreux

Omar Saad - Evercore ISI

Hans Gregersen - Nordea


Welcome to the Pandora Annual Report for 2018. For the first part of this call, all participants will be in listen-only mode and afterwards, there will be a question-and-answer session. Speakers, please begin.

Michael Bjergby

Thank you. Good morning, everyone and welcome to this conference call for Pandora’s full year results for 2018. My name is Michael Bjergby. I’m heading the Pandora Investor Relations team. And with me here today in Copenhagen at the Pandora office, I have our COO, Jeremy Schwartz; I have our CFO, Anders Boyer and my IR colleagues, Brian and Christian.

Anders, before leaving the floor for you, please everybody flip through the disclaimer on slide 2. Anders, all yours.

Anders Boyer

Thank you, Michael and good morning to everyone. This is Anders Boyer. On slide 3, you can see the short agenda for today, starting out with the full year ‘18 results and highlights, then moving on to Programme NOW and this is where we will spend the most of the call today before moving on to the full year guidance and a couple of comments to that.

So please move on to slide number 4. I think the key highlight for today is that we are announcing the next steps in the program, Programme NOW. As you know, we relaunched

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