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FINANCIAL REVIEW • 67

STORE NETWORK,

NUMBER OF POINTS OF SALE

2016 2015 Growth

Concept stores

2,138 1,802

336

- hereof PANDORA owned

598

474

124

- hereof 3

rd

party distributors

564

499

65

Shop-in-shops

2,027 1,674

353

- hereof PANDORA owned

111

116

-5

- hereof 3

rd

party distributors

461

414

47

Multibranded

3,966 5,795 -1,829

- hereof 3

rd

party distributors

1,020 1,184

-164

Total points of sale

8,131 9,271 -1,140

REVENUE BREAKDOWN BY

SALES CHANNEL

Share of

2016 2015 Growth revenue

Concept stores

13,306 9,719 37%

66%

- hereof PANDORA owned

6,266 4,049 55% 31%

Shop-in-shops

2,516 2,418 4%

12%

- hereof PANDORA owned

617 462 34% 3%

Branded

15,822 12,137 30%

78%

Multibranded

2,853 3,068 -7% 14%

Total direct

18,675 15,205 23% 92%

3

rd

party distributors

1,606 1,532 5%

8%

Total revenue

20,281 16,737 21% 100%

PRODUCT CATEGORY DEVELOPMENT

Share of

DKK million

2016

2015 Growth revenue

Charms

11,991

10,833

11% 59%

Bracelets

3,672

2,690

37% 18%

- hereof Moments and PANDORA ESSENCE COLLECTION

2,729

1,923

42% 13%

Rings

2,643

2,066

28% 13%

Other jewellery

1,975

1,148

72% 10%

Total revenue

20,281

16,737

21% 100%