NOTES
Consolidated financial statements •65
SECTION 2
RESULTS FOR THE YEAR
EBITDA
REVENUEGROWTH
NUMBEROFCONCEPTSTORES
TAXRATE
GROSSMARGIN
RINGSSHAREOFREVENUE
70.5%
10.0% 4,294
DKKmillion
32.5%
1,410
20.0%
This section comprises notes related to the results
for the year, including operating segment disclosures,
andprovides additional information related to twoof
PANDORA’s key targets: revenue and EBITDA.
In 2014,Group revenuewasDKK 11,942million
comparedwithDKK 9,010million in 2013. The
continued growth in revenue across allmajor regions
was drivenby a strong network roll-out strategy and
consistent, high like-for-like growth in all regions
supportedby successful newproduct launches.
Adetaileddescriptionof the results for the year is given
in the Financial review sectionof theManagement´s
review.
2,053
Americas
2,298
Europe
831
Asia Pacific
EBITDABYREGION
(DKKmillion)
