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Pandora A/S: The Pivot To Platinum Looks Like A Brilliant Move

Pandora A/S trades at a deep discount after a 50% share price decline, despite a strong business and a strategic transition underway. PNDZF is nearly fully hedged against silver price volatility for 2026 and is pivoting to platinum-plated jewelry, aiming to reduce silver exposure by ~80% by 2028. Despite margin pressures, Pandora maintains industry-leading profitability, and robust shareholder returns through…

Seeking Alpha • Feb 27, 2026

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