ANNUAL_REPORT_2016

82 • Consolidated financial statements

PANDORA ANNUAL REPORT 2016

2,503

Americas

3,996

EMEA

1,423

Asia Pacific

SECTION 2

RESULTS FOR THE YEAR

This section comprises notes related to the results

for the year, including reporting segment disclosures,

and provides additional information related to two

of PANDORA’s performance measures: Revenue and

EBITDA.

In 2016, Group revenue was DKK 20,281 million

compared with DKK 16,737 million in 2015. The

continued growth in revenue was driven by all regions.

A detailed description of the results for the year is given

in the Financial review section of the Management´s review.

NET PROFIT

REVENUE GROWTH

NUMBER OF CONCEPT STORES

EFFECTIVE TAX RATE

GROSS MARGIN

EBITDA MARGIN

75.1%

39.1% 6,025

DKK million

21%

2,138

21.2%

EBITDA BY REGION

(DKK million)