1302 GMT - The Trump administration's new tariffs include a 36% duty on Thailand, which will directly hit Pandora's exports and sales to the U.S. market, Danske Bank analyst Mads Lindegaard Rosendal writes. The U.S. makes up around 29% of Pandora's total revenues, he says. "The company would be forced to hike prices by the same amount or to share the burden with the consumer, thus affecting earnings negatively." There could also be knock-on effects to U.S. consumer spending in general, which could add further to headwinds. Pandora shares have fallen sharply as a result. However, Danske Bank says Pandora is well-cushioned to weather a potential storm given its very strong balance sheet, strong margins and cash flow generation. Shares fall 12%. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
April 03, 2025 09:02 ET (13:02 GMT)
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