{"text_format":"1","workbook":"xlsx","n_sheets":10,"sheets":["Revenue_appendix","Collection_appendix","Network_appendix","Concept Stores_appendix","Cost, GM, EBIT, EBITDA_appendix","Financial statements_appendix","Equity_appendix","Working capital_appendix","Commodity prices_appendix","Acquisitions_appendix"],"not_rendered":{"charts":0,"images":0,"macros":1,"external_links":3,"defined_names":119,"comments":0,"pivot_tables":0},"unopened":[],"bounds":{"document_bytes":16777216,"sheet_cells":100000,"rows_first":2000,"rows_last":500,"rows_between":2000,"halvings":0,"cell_chars":16384,"cell_head_chars":4096},"cells_cut":0,"cells_raw":0,"read":"whole","date_system":"1900"}

{"sheet":"Revenue_appendix","index":0,"n_rows":107,"n_cols":31,"rows_kept":107,"cut":false,"hidden":false,"merged":[]}
["Revenue per channel","Q1 2016","Q2 2016","Q3 2016","Q4 2016","Q1 2017","Q2 2017","Q3 2017","Q4 2017","Q1 2018","Q2 2018","Q3 2018","Q4 2018","Q1 2019","Q2 2019","Q3 2019","Q4 2019","Q1 2020","Q2 2020","Q3 2020","Q4 2020","Q1 2021","Q2 2021","Q3 2021","Q4 2021","Q1 2022","Q2 2022","Q3 2022","Q4 2022","Q1 2023","Q2 2023"]
["DKK million"]
["Pandora owned retail",1416,1467,1460,2540,1965,2002,1970,3845,2592,2765,2608,4930,3061,3121,2783,5216,2623,2480,2799,5525,2956,3399,3096,6471,3925,4101,3637,7452,4391,4603]
["- of which concept stores",1074,1134,1181,1832,1539,1584,1601,2812,2007,2167,2083,3708,2404,2403,2168,3644,1836,924,1836,2725,1381,2027,2057,3668,2445,2724,2547,4434,2901,3089]
["- of which online stores",187,190,141,527,304,298,264,812,438,447,400,1019,477,543,455,1307,621,1487,841,2533,1417,1222,873,2465,1219,1098,829,2466,1144,1141]
["- of which other points of sale",155,143,138,181,122,120,105,221,147,151,125,203,181,175,160,264,165,68,122,266,158,150,166,338,261,279,260,553,346,372]
["Wholesale",2920,2578,2765,3529,2723,2489,2820,3438,2178,1733,2053,2669,1503,1359,1383,2480,1328,365,1113,2143,1365,1599,1451,2291,1567,1406,1458,2197,1283,1131]
["- of which concept stores",1587,1394,1540,2519,1492,1478,1589,2119,1226,984,1186,1614,854,797,758,1434,765,126,640,1182,689,912,858,1278,833,767,793,1115,653,575]
["- of which other points of sale",1333,1184,1225,1010,1231,1011,1231,1319,952,749,867,1055,649,562,625,1046,563,239,473,961,676,687,592,1013,734,639,665,1082,630,555]
["Third-party distribution",404,282,387,533,471,334,404,320,345,321,321,291,239,214,249,261,220,32,158,223,179,157,182,249,198,148,168,207,176,161]
["Total revenue",4740,4327,4612,6602,5159,4825,5194,7603,5115,4819,4982,7890,4804,4693,4415,7956,4172,2876,4070,7891,4500,5155,4728,9011,5689,5655,5263,9856,5850,5894]
[]
["Like-for-Like, %1"]
["Pandora owned retail",null,null,null,null,null,null,null,null,null,null,null,null,-0.1,-7.0000000000000007E-2,-0.1,-0.01,-0.17,-0.18,0.04,0.1,0.27,0.31,0.04,0.09,0.2,0.03,0,0,0.02,0.04]
["Wholesale1",null,null,null,null,null,null,null,null,null,null,null,null,-0.11,-0.14000000000000001,-0.14000000000000001,-0.1,-0.18,-0.73,-0.11,-0.14000000000000001,0.12,1.88,7.0000000000000007E-2,0.15,0.12,0.01,0.05,-0.04,-0.05,-0.05]
["Third-party distribution1",null,null,null,null,null,null,null,null,null,null,null,null,-0.11,-0.14000000000000001,-0.14000000000000001,-0.1,-0.18,-0.73,-0.11,-0.14000000000000001,0.12,1.88,7.0000000000000007E-2,0.15,0.12,0.01,0.05,-0.04,-0.05,-0.05]
["Total Like-for-Like incl. temporarily closed stores",null,null,null,null,null,null,null,null,null,null,null,null,-0.1,-0.1,"-11%2","-5%2",-0.17,-0.39,-0.02,0.01,0.21,0.62,0.05,0.11,0.17,0.02,0.01,-0.01,0,0.02]
["1Like-for-Like growth include sell-out from all concept stores (including partner owned), owned and operated Shop in Shops and Pandora Online. Partner owned other points of sale are not included in Like-for-Like. The KPI includes stores which have been operating for +12 months and stores that are temporarily closed due to COVID-19",null,null,null,null,null,null,null,null,null,null,null,null,null,null,"2Excluding Hong Kong SAR ","2Excluding Hong Kong SAR "]
[]
["Organic growth"]
["Pandora owned retail",null,null,null,null,null,null,null,null,null,null,null,0.1,0.03,0.02,0.01,0.02,-0.16,-0.2,0.03,0.11,0.17,0.37,0.06,0.11,0.25,0.1,0.06,0.08,7.0000000000000007E-2,0.11]
["- of which concept stores",null,null,null,null,null,null,null,null,null,null,null,7.0000000000000007E-2,0.02,-0.01,-0.02,-0.04,-0.25,-0.61,-0.13,-0.23,-0.22,1.1499999999999999,0.06,0.26,0.65,0.21,0.1,0.11,0.12,0.11]
["- of which online stores",null,null,null,null,null,null,null,null,null,null,null,0.25,0.06,0.2,0.12,0.25,0.28999999999999998,1.76,0.89,1.04,1.36,-0.16,0.02,-7.0000000000000007E-2,-0.17,-0.16,-0.11,-0.03,-0.06,7.0000000000000007E-2]
["- of which other points of sale",null,null,null,null,null,null,null,null,null,null,null,-0.09,0.01,-0.04,0.09,0.04,-0.17,-0.62,-0.25,0.03,0,1.19,0.32,0.26,0.61,0.75,0.44,0.49,0.25,0.28000000000000003]
["Wholesale",null,null,null,null,null,null,null,null,null,null,null,-0.13,-0.27,-0.17,-0.31,-7.0000000000000007E-2,-0.12,-0.73,-0.16,-0.09,0.09,3.75,0.35,0.08,0.14000000000000001,-0.13,-0.04,-0.04,-0.15,-0.15]
["- of which concept stores",null,null,null,null,null,null,null,null,null,null,null,-0.08,-0.21,-0.1,-0.33,-0.11,-0.1,-0.84,-0.11,-0.11,-0.02,7.09,0.42,0.11,0.23,-0.13,-0.08,-7.0000000000000007E-2,-0.14000000000000001,-0.15]
["- of which other points of sale",null,null,null,null,null,null,null,null,null,null,null,-0.21,-0.34,-0.26,-0.3,-0.02,-0.14000000000000001,-0.56999999999999995,-0.22,-0.05,0.25,1.99,0.25,0.03,0.05,-0.12,0.03,0,-0.17,-0.14000000000000001]
["Third-party distribution",null,null,null,null,null,null,null,null,null,null,null,0.01,-0.23,-0.27,-0.21,-7.0000000000000007E-2,-0.09,-0.85,-0.34,-0.1,-0.14000000000000001,4.0999999999999996,0.17,0.12,0.09,-0.08,-0.01,-0.01,0.02,0.3]
["Total organic growth",null,null,null,null,7.0000000000000007E-2,0.1,0.14000000000000001,0.12,0,-0.02,-7.0000000000000007E-2,-0.01,-0.12,-7.0000000000000007E-2,-0.14000000000000001,-0.01,-0.14000000000000001,-0.38,-0.05,0.04,0.13,0.84,0.14000000000000001,0.1,0.21,0.03,0.03,0.04,0.01,0.05]
[]
["Organic growth, vs. 2019"]
["Pandora owned retail",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.01,0.09,0.1,0.24,0.23,0.22,0.18,0.32]
["- of which concept stores",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.41,-0.16,-7.0000000000000007E-2,-0.01,-0.04,0.01,0.03,0.08]
["- of which online stores",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,2.0499999999999998,1.32,0.94,0.91,1.54,0.98,0.76,0.86]
["- of which other points of sale",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.15,-0.17,0.01,0.31,0.38,0.59,0.5,0.93]
["Wholesale",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.04,0.27,0.13,-0.02,0.1,0.11,0.1,-0.06]
["- of which concept stores",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.12,0.28000000000000003,0.25,-0.03,0.09,0.12,0.18,-0.09]
["- of which other points of sale",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,7.0000000000000007E-2,0.27,-0.02,-0.01,0.13,0.12,0.01,-0.01]
["Third-party distribution",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.22,-0.23,-0.23,0,-0.16,-0.31,-0.26,-0.01]
["Total organic growth, vs. 2019",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.03,0.13,0.09,0.15,0.18,0.17,0.13,0.19]
[]
["Revenue growth, local currency"]
["Pandora owned retail",1.04,0.71,0.47,0.36,0.39,0.37,0.4,0.57999999999999996,0.4,0.43,0.34,0.28000000000000003,0.16,0.12,0.06,0.04,-0.15,-0.2,0.04,0.12,0.18,0.41,0.09,0.13,0.28999999999999998,0.15,0.12,0.12,0.12,0.15]
["- of which concept stores",0.95,0.66,0.51,0.37,0.42,0.4,0.4,0.6,0.39,0.42,0.32,0.32,0.18,0.1,0.03,-0.03,-0.24,-0.61,-0.12,-0.21,-0.2,1.26,0.11,0.31,0.72,0.28999999999999998,0.19,0.19,0.19,0.17]
["- of which online stores",1.74,1.17,0.52,0.49,0.66,0.59,0.94,0.62,0.53,0.54,0.52,0.24,0.06,0.2,0.12,0.25,0.28999999999999998,1.76,0.89,1.04,1.36,-0.16,0.02,-7.0000000000000007E-2,-0.17,-0.16,-0.11,-0.03,-0.06,7.0000000000000007E-2]
["- of which other points of sale",1.05,0.69,0.13,0.02,-0.21,-0.16,-0.21,0.25,0.24,0.28000000000000003,0.2,-0.09,0.21,0.14000000000000001,0.26,0.27,-0.09,-0.61,-0.19,7.0000000000000007E-2,0,1.19,0.32,0.26,0.61,0.75,0.47,0.53,0.27,0.31]
["Wholesale",0.19,0.15,0.11,0.1,-7.0000000000000007E-2,-0.03,0.05,0.02,-0.14000000000000001,-0.27,-0.27,-0.23,-0.34,-0.24,-0.34,-0.09,-0.13,-0.73,-0.17,-0.1,0.08,3.59,0.3,0.04,0.1,-0.18,-0.09,-0.09,-0.2,-0.18]
["- of which concept stores",0.41,0.28000000000000003,0.18,0.31,-0.06,0.06,7.0000000000000007E-2,-0.11,-0.1,-0.3,-0.25,-0.25,-0.33,-0.22,-0.38,-0.13,-0.12,-0.84,-0.13,-0.14000000000000001,-0.05,6.63,0.34,0.05,0.15,-0.23,-0.18,-0.18,-0.23,-0.23]
["- of which other points of sale",0,0.03,0.03,-0.22,-0.09,-0.15,0.03,0.36,-0.18,-0.23,-0.3,-0.21,-0.34,-0.26,-0.3,-0.02,-0.14000000000000001,-0.56999999999999995,-0.22,-0.05,0.25,1.99,0.25,0.03,0.05,-0.12,0.05,0.02,-0.15,-0.12]
["Third-party distribution",0.1,-0.22,0.21,0.17,0.16,0.17,0.06,-0.38,-0.23,-0.01,-0.21,-0.1,-0.32,-0.35,-0.24,-0.12,-0.09,-0.85,-0.34,-0.1,-0.14000000000000001,4.0999999999999996,0.17,0.12,0.09,-0.08,-0.1,-0.17,-0.1,0.12]
["Total revenue growth, local currency",0.35,0.25,0.21,0.19,0.08,0.12,0.16,0.2,0.06,0.04,-0.03,0.03,-0.08,-0.04,-0.13,-0.01,-0.14000000000000001,-0.38,-0.05,0.04,0.13,0.85,0.15,0.11,0.22,0.04,0.05,0.06,0.02,7.0000000000000007E-2]
[]
["Revenue in key markets"]
["US",1371,1268,1141,1377,1274,1273,1118,1632,1018,1039,1005,1818,977,1039,868,1792,935,687,901,1982,1391,1771,1342,2523,1650,1841,1597,2820,1716,1834]
["China",193,194,269,254,427,362,414,389,467,464,527,511,548,507,491,424,212,378,350,322,281,390,233,222,254,179,162,143,161,156]
["UK",602,446,610,1046,547,453,708,1101,534,414,581,1217,579,466,522,1295,590,409,617,1345,587,569,637,1521,808,665,717,1613,809,656]
["Italy",433,433,570,568,531,530,716,825,606,494,645,716,443,505,471,854,452,261,484,825,440,515,527,961,586,595,486,913,539,584]
["Australia",283,318,275,653,360,368,329,590,311,293,259,498,237,247,195,439,193,167,225,537,243,226,170,491,245,246,246,534,220,218]
["France",217,257,206,447,248,282,207,535,276,281,210,486,225,248,202,494,241,197,222,494,194,210,221,498,262,237,217,475,243,231]
["Germany",223,190,188,373,208,214,236,407,234,213,204,390,188,196,188,390,179,185,233,418,191,241,280,478,273,285,254,494,269,295]
["Rest of Pandora",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1370,592,1038,1968,1173,1233,1317,2316,1612,1607,1585,2865,1892,1922]
["Total revenue",4740,4327,4612,6602,5159,4825,5194,7603,5115,4819,4982,7890,4804,4693,4415,7956,4172,2876,4070,7891,4500,5155,4728,9011,5689,5655,5263,9856,5850,5894]
[]
["Revenue growth in key markets, local currency","Q1 2016","Q2 2016","Q3 2016","Q4 2016","Q1 2017","Q2 2017","Q3 2017","Q4 2017","Q1 2018","Q2 2018","Q3 2018","Q4 2018","Q1 2019","Q2 2019","Q3 2019","Q4 2019","Q1 2020","Q2 2020","Q3 2020","Q4 2020","Q1 2021","Q2 2021","Q3 2021","Q4 2021","Q1 2022","Q2 2022","Q3 2022","Q4 2022","Q1 2023","Q2 2023"]
["US",0.11,0.11,0.09,-0.06,-0.1,-0.02,0.04,0.31,-0.08,-0.12,-0.12,7.0000000000000007E-2,-0.12,-0.06,-0.18,-0.04,-7.0000000000000007E-2,-0.35,0.09,0.2,0.64,1.84,0.51,0.21,0.1,-0.08,0.02,0.01,-0.01,0.02]
["China",4.66,3.77,1.34,1.08,1.25,0.91,0.62,0.62,0.16,0.28999999999999998,0.28000000000000003,0.33,0.15,0.1,-0.08,-0.18,-0.61,-0.24,-0.26,-0.23,0.35,0.03,-0.37,-0.36,-0.18,-0.57999999999999996,-0.37,-0.36,-0.35,-0.06]
["UK",0.33,0.17,0.16,0.3,0.02,0.12,0.22,0.08,0,-7.0000000000000007E-2,-0.19,0.11,7.0000000000000007E-2,0.12,-0.09,0.02,0,-0.11,0.19,0.1,0.01,0.35,-0.02,0.06,0.32,0.15,0.13,0.09,0.06,0.01]
["Italy",0.71,0.4,0.69,0.42,0.23,0.22,0.26,0.45,0.14000000000000001,-7.0000000000000007E-2,-0.1,-0.13,-0.27,0.02,-0.27,0.19,0.02,-0.48,0.03,-0.03,-0.02,0.98,0.09,0.17,0.33,0.15,-0.08,-0.05,-0.08,-0.02]
["Australia",0.56000000000000005,0.38,0.27,0.32,0.18,0.12,0.21,-0.03,-0.04,-0.15,-0.16,-0.13,-0.22,-0.14000000000000001,-0.23,-0.1,-0.15,-0.3,0.16,0.24,0.18,0.26,-0.25,-0.12,0,0.03,0.33,0.08,-0.09,-0.03]
["France",0.73,0.69,0.36,0.6,0.15,0.1,0,0.2,0.11,0,0.01,-0.1,-0.18,-0.12,-0.04,0.02,7.0000000000000007E-2,-0.21,0.1,0.01,-0.19,7.0000000000000007E-2,0,0.01,0.35,0.13,-0.02,-0.05,-7.0000000000000007E-2,-0.03]
["Germany",0.48,0.73,-0.13,0.05,-0.06,0.12,0.26,0.09,0.13,0,-0.14000000000000001,-0.04,-0.2,-0.08,-0.08,0,-0.05,-0.06,0.24,7.0000000000000007E-2,7.0000000000000007E-2,0.31,0.2,0.15,0.43,0.18,-0.09,0.03,-0.02,0.03]
["Rest of Pandora",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.15,-0.59,-0.26,-7.0000000000000007E-2,-0.09,1.1200000000000001,0.26,0.16,0.35,0.27,0.17,0.21,0.17,0.23]
["Total revenue growth, local currency",0.35,0.25,0.21,0.19,0.08,0.12,0.16,0.2,0.06,0.04,-0.03,0.03,-0.08,-0.04,-0.13,-0.01,-0.14000000000000001,-0.38,-0.05,0.04,0.13,0.85,0.15,0.11,0.22,0.04,0.05,0.06,0.02,7.0000000000000007E-2]
[]
["Like-for-Like, %1"]
["US",null,null,null,null,-0.09,-0.02,-0.06,0.04,-3.3000000000000002E-2,0.03,4.2000000000000003E-2,-1.0999999999999999E-2,-0.02,-0.06,-0.09,-0.03,-0.1,-0.35,0.18,0.22,0.81,1.34,0.28999999999999998,0.15,0,-0.1,-0.09,-7.0000000000000007E-2,-7.0000000000000007E-2,-0.04]
["China",null,null,null,null,0.27,0.11,-0.05,0.24,-0.14099999999999999,6.0000000000000001E-3,5.0000000000000001E-3,4.1000000000000002E-2,-0.04,-0.04,-0.16,-0.22,-0.64,-0.24,-0.23,-0.25,0.43,7.0000000000000007E-2,-0.35,-0.24,-0.31,-0.62,-0.46,-0.41,-0.26,0.05]
["UK",null,null,null,null,-0.05,-0.05,-0.06,0,-4.2999999999999997E-2,-1.0999999999999999E-2,-5.0999999999999997E-2,-8.3000000000000004E-2,-0.13,-0.08,-0.1,-0.03,-0.08,-0.25,0.17,0.01,-7.0000000000000007E-2,0.25,-0.05,0.09,0.45,7.0000000000000007E-2,0.05,0.01,0.01,0]
["Italy",null,null,null,null,0.06,7.0000000000000007E-2,0.06,7.0000000000000007E-2,-1E-3,-7.2999999999999995E-2,-7.3999999999999996E-2,-0.125,-0.22,-0.1,-0.12,7.0000000000000007E-2,-0.09,-0.45,0.01,-0.12,0.05,0.56000000000000005,7.0000000000000007E-2,0.23,0.35,0.16,-0.05,-0.09,-0.05,-0.05]
["Australia",null,null,null,null,7.0000000000000007E-2,0.14000000000000001,-0.05,-7.0000000000000007E-2,-0.17,-0.153,-6.9000000000000006E-2,-0.158,-0.19,-0.17,-0.22,-0.14000000000000001,-0.13,-0.33,0.06,0.19,0.28999999999999998,0.23,-0.31,-0.1,-0.02,0.03,0.4,0.01,-0.05,-0.05]
["France",null,null,null,null,0.17,0.03,0.1,0.11,-6.0000000000000001E-3,-3.5999999999999997E-2,-0.16400000000000001,-0.17199999999999999,-0.23,-0.26,-0.11,0.03,-0.05,-0.17,0,0.01,-0.15,0.01,-0.09,0.01,0.33,0.16,-0.01,-0.09,-0.05,-0.05]
["Germany",null,null,null,null,0.13,0.22,0.15,0.15,0.16800000000000001,0.06,3.4000000000000002E-2,-8.9999999999999993E-3,-0.2,0,-0.05,0.02,-0.02,-0.1,0.23,0.05,-0.16,-0.01,0.05,0.23,0.88,0.42,0.03,-0.03,0.11,0.11]
["Rest of Pandora",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.18,-0.6,-0.22,-0.14000000000000001,-0.03,0.75,0.1,0.15,0.32,0.28999999999999998,0.28999999999999998,0.28999999999999998,0.12,0.12]
["Total Like-for-Like",null,null,null,null,-0.02,0.01,-0.02,0.02,-0.05,-0.01,-0.03,-7.0000000000000007E-2,-0.1,-0.1,"-11%","-5%",-0.17,-0.39,-0.02,0.01,0.21,0.62,0.05,0.11,0.17,0.02,0.01,-0.01,0,0.02]
["1Like-for-Like growth include sell-out from all concept stores (including partner owned), owned and operated Shop in Shops and Pandora Online. Partner owned other points of sale are not included in Like-for-Like. The KPI includes stores which have been operating for +12 months and stores that are temporarily closed due to COVID-19"]
[]
["Organic growth"]
["US",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.04,-7.0000000000000007E-2,-0.35,0.09,0.2,0.62,1.79,0.47,0.18,7.0000000000000007E-2,-0.12,-0.03,-0.03,-0.04,0]
["China",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.18,-0.61,-0.24,-0.26,-0.23,0.35,0.03,-0.37,-0.36,-0.18,-0.57999999999999996,-0.37,-0.36,-0.35,-0.06]
["UK",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.02,0,-0.11,0.17,0.09,0.01,0.34,-0.03,0.06,0.32,0.15,0.13,0.09,0.06,0.01]
["Italy",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.17,0.01,-0.48,0.03,-0.03,-0.02,0.98,0.09,0.17,0.33,0.15,-0.08,-0.05,-0.08,-0.02]
["Australia",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.11,-0.16,-0.3,0.16,0.24,0.18,0.26,-0.25,-0.12,0,0.03,0.33,0.08,-0.09,-0.03]
["France",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.02,7.0000000000000007E-2,-0.21,0.1,0.01,-0.19,7.0000000000000007E-2,0,0.01,0.35,0.13,-0.02,-0.05,-7.0000000000000007E-2,-0.03]
["Germany",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0,-0.05,-0.06,0.24,7.0000000000000007E-2,7.0000000000000007E-2,0.31,0.2,0.14000000000000001,0.43,0.18,-0.09,0.03,-0.02,0.03]
["Rest of Pandora",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.15,-0.59,-0.26,-0.08,-0.09,1.1100000000000001,0.26,0.16,0.35,0.26,0.15,0.18,0.15,0.21]
["Total organic growth ",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.01,-0.14000000000000001,-0.38,-0.05,0.04,0.13,0.84,0.14000000000000001,0.1,0.21,0.03,0.03,0.04,0.01,0.05]
[]
["Organic growth, vs. 2019"]
["US",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.51,0.8,0.6,0.42,0.62,0.59,0.56000000000000005,0.38]
["China",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.48,-0.22,-0.53,-0.51,-0.56999999999999995,-0.68,-0.71,-0.68]
["UK",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.02,0.19,0.16,0.17,0.34,0.37,0.28999999999999998,0.26]
["Italy",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.01,0.02,0.12,0.13,0.31,0.18,0.04,7.0000000000000007E-2]
["Australia",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0,-0.11,-0.13,0.09,0,-0.08,0.15,0.17]
["France",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.14000000000000001,-0.15,0.1,0.01,0.16,-0.04,0.08,-0.03]
["Germany",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.01,0.23,0.49,0.23,0.45,0.46,0.35,0.27]
["Rest of Pandora",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.22,-0.13,-0.06,0.08,0.06,0.13,0.12,0.28000000000000003]
["Total organic growth, vs. 2019",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.03,0.13,0.09,0.15,0.18,0.17,0.13,0.19]

{"sheet":"Collection_appendix","index":1,"n_rows":24,"n_cols":31,"rows_kept":24,"cut":false,"hidden":false,"merged":[]}
["Revenue per segment1,2","Q1 2016","Q2 2016","Q3 2016","Q4 2016","Q1 2017","Q2 2017","Q3 2017","Q4 2017","Q1 2018","Q2 2018","Q3 2018","Q4 2018","Q1 2019","Q2 2019","Q3 2019","Q4 2019","Q1 2020","Q2 2020","Q3 2020","Q4 2020","Q1 2021","Q2 2021","Q3 2021","Q4 2021","Q1 2022","Q2 2022","Q3 2022","Q4 2022","Q1 2023","Q2 2023"]
["Moments incl. Collabs",null,null,null,null,null,null,null,null,null,null,null,null,3288,3410,3034,5600,2973,2139,2848,5602,3529,4012,3561,6748,4458,4459,3972,7452,4470,4570]
["- Moments",null,null,null,null,null,null,null,null,null,null,null,null,3025,3106,2720,4844,2642,1923,2440,4654,3143,3666,3184,5946,3863,3916,3479,6469,3859,4025]
["- Collabs",null,null,null,null,null,null,null,null,null,null,null,null,263,304,314,756,331,215,408,948,386,346,377,801,595,543,492,983,610,545]
["Style ",null,null,null,null,null,null,null,null,null,null,null,null,1516,1283,1381,2356,1198,738,1222,2288,972,1143,1167,2263,1231,1196,1292,2404,1381,1324]
["- Timeless",null,null,null,null,null,null,null,null,null,null,null,null,1145,929,969,1571,715,452,660,1492,707,746,631,1448,829,788,664,1567,949,880]
["- Signature",null,null,null,null,null,null,null,null,null,null,null,null,371,353,361,569,394,215,456,674,207,296,338,467,251,240,316,442,229,218]
["- ME",null,null,null,null,null,null,null,null,null,null,null,null,0,0,51,216,89,71,107,122,58,82,188,328,142,159,199,314,169,194]
["- Pandora Lab-Grown Diamonds",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,18,10,20,9,10,113,81,34,32]
["Total revenue",null,null,null,null,null,null,null,null,null,null,null,null,4804,4693,4415,7957,4172,2876,4070,7891,4500,5155,4728,9011,5689,5655,5263,9856,5850,5894]
["1 Comparative figures for the period Q1 2019 to Q1 2021 have been restated to reflect the re-allocation of Garden from Style to Moments incl. Collabs"]
["2Comparative figures for the period Q1 2021 to Q4 2022 have been restated to reflect the product re-allocation across Signature and Timeless into the Moments platform in Q1 2023."]
[]
["Like-for-Like, %3"]
["Moments incl. Collabs",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.22,0.59,0.03,7.0000000000000007E-2,0.17,0.02,0,-0.01,-0.03,0]
["- Moments",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.19,0.6,0.05,0.1,0.14000000000000001,-0.01,-0.02,-0.01,-0.03,0]
["- Collabs",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.47,0.55000000000000004,-0.13,-0.14000000000000001,0.41,0.34,0.23,0.02,-0.04,0.01]
["Style ",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.16,0.69,0.06,0.22,0.18,0.01,0.02,-0.02,0.09,0.08]
["- Timeless",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.23,0.74,0.04,0.14000000000000001,0.08,-0.03,0,-0.01,0.11,7.0000000000000007E-2]
["- Signature",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,7.0000000000000007E-2,0.62,0.25,0.09,0.16,-0.08,-0.22,-0.13,-0.12,-0.06]
["- ME",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.15,0.36,-0.42,1.46,1.33,0.72,1.25,-0.04,0.21,0.17]
["- Pandora Lab-Grown Diamonds",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,-0.22,0.96,1.96,2.4700000000000002,2.91]
["Total Like-for-Like incl. temporarily closed stores",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.21,0.62,0.05,0.11,0.17,0.02,0.01,-0.01,0,0.02]
["3Like-for-Like growth include sell-out from all concept stores (including partner owned), owned and operated Shop in Shops and Pandora Online. Partner owned other points of sale are not included in Like-for-Like. The KPI includes stores which have been operating for +12 months and stores that are temporarily closed due to COVID-19"]

{"sheet":"Network_appendix","index":2,"n_rows":15,"n_cols":35,"rows_kept":15,"cut":false,"hidden":false,"merged":[]}
["Store network, number of points of sale1","Q1 2015","Q2 2015","Q3 2015","Q4 2015","Q1 2016","Q2 2016","Q3 2016","Q4 2016","Q1 2017","Q2 2017","Q3 2017","Q4 2017","Q1 2018","Q2 2018","Q3 2018","Q4 2018","Q1 2019","Q2 2019","Q3 2019","Q4 2019","Q1 2020","Q2 2020","Q3 2020","Q4 2020","Q1 2021","Q2 2021","Q3 2021","Q4 2021","Q1 2022","Q2 2022","Q3 2022","Q4 2022","Q1 2023","Q2 2023"]
["Concept stores",1447,1554,1666,1802,1852,1920,2010,2138,2196,2266,2328,2446,2485,2548,2614,2705,2713,2731,2721,2770,2746,2714,2689,2690,2659,2630,2616,2619,2432,2447,2474,2542,2519,2552]
[" - of which Pandora owned ",292,357,440,474,511,525,563,598,660,711,865,974,1022,1136,1266,1340,1364,1380,1379,1397,1382,1373,1379,1382,1394,1379,1403,1423,1464,1500,1587,1653,1655,1712]
[" - of which franchise owned",711,731,769,829,851,884,918,976,963,981,971,969,958,918,850,849,834,834,833,856,845,828,809,797,755,745,710,700,637,618,588,588,562,533]
[" - of which third-party distribution",444,466,457,499,490,511,529,564,573,574,492,503,505,494,498,516,515,517,509,517,519,513,501,511,510,506,503,496,331,329,299,301,302,307]
["Other points of sale",8187,8008,7867,7469,7174,6999,6911,5993,5693,5459,5379,5348,5233,5234,5158,5023,4845,4778,4729,4657,4593,4539,4463,4402,4050,4095,4105,4154,4006,4001,3967,3985,3964,3975]
["Total store network, number of points of sale",9634,9562,9533,9271,9026,8919,8921,8131,7889,7725,7707,7794,7718,7782,7772,7728,7558,7509,7450,7427,7339,7253,7152,7092,6709,6725,6721,6773,6438,6448,6441,6527,6483,6527]
["1 Exluding Russia and Belarus as of Q1 2022"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"","",null,"","","",""]
["Store network, other points of sale1 "]
["Other points of sale (retail)",87,94,115,116,119,118,112,111,105,99,130,150,149,158,157,183,195,188,197,207,225,227,232,235,253,257,279,334,357,382,431,464,469,493]
["Other points of sale (wholesale)",6395,6277,6128,5755,5550,5383,5334,4401,4156,4115,4593,4550,4416,4408,4329,4158,3982,3928,3899,3812,3746,3706,3655,3602,3243,3274,3256,3255,3168,3141,3204,3200,3177,3167]
["Other points of sale (third-party)",1705,1637,1624,1598,1505,1498,1465,1481,1432,1245,656,648,668,668,672,682,668,662,633,638,622,606,576,565,554,564,570,565,481,478,332,321,318,315]
["Total store network, other points of sale",8187,8008,7867,7469,7174,6999,6911,5993,5693,5459,5379,5348,5233,5234,5158,5023,4845,4778,4729,4657,4593,4539,4463,4402,4050,4095,4105,4154,4006,4001,3967,3985,3964,3975]
["1 Exluding Russia and Belarus as of Q1 2022"]

{"sheet":"Concept Stores_appendix","index":3,"n_rows":360,"n_cols":31,"rows_kept":360,"cut":false,"hidden":false,"merged":[]}
["Number of concept stores, total","Q1 2016","Q2 2016","Q3 2016","Q4 2016","Q1 2017","Q2 2017","Q3 2017","Q4 2017","Q1 2018","Q2 2018","Q3 2018","Q4 2018","Q1 2019","Q2 2019","Q3 2019","Q4 2019","Q1 2020","Q2 2020","Q3 2020","Q4 2020","Q1 2021","Q2 2021","Q3 2021","Q4 2021","Q1 2022","Q2 2022","Q3 2022","Q4 2022","Q1 2023","Q2 2023"]
["US",328,335,340,346,349,359,363,382,380,388,392,397,399,395,396,402,403,403,401,403,391,389,386,388,391,394,405,420,417,427]
["China",58,67,81,97,117,134,143,155,171,189,203,210,220,227,234,237,238,236,236,234,228,216,219,214,209,219,232,252,237,231]
["UK",198,205,217,228,230,230,233,234,233,233,233,236,233,233,231,230,222,216,217,217,216,215,211,211,208,209,208,215,211,215]
["Italy",53,59,66,75,82,88,98,112,116,119,126,138,143,146,148,148,146,146,146,146,146,145,146,146,146,145,150,156,155,160]
["Germany",159,157,157,156,154,154,153,154,152,152,154,153,152,151,148,146,141,138,139,138,137,137,135,135,133,133,132,134,132,132]
["Australia",103,105,109,112,114,115,120,123,124,124,124,127,127,128,127,128,126,123,123,122,123,122,123,125,124,122,120,120,120,124]
["France",58,60,60,71,73,76,80,95,98,101,109,120,120,121,120,122,121,121,121,121,120,121,122,122,120,122,122,123,120,122]
["Mexico",14,16,17,19,19,20,25,34,44,47,53,66,65,66,67,69,76,76,77,77,77,77,77,77,78,79,89,96,99,101]
["Spain",38,47,50,55,55,62,63,69,72,75,77,84,83,83,83,87,88,88,90,92,91,86,90,95,92,93,95,97,96,96]
["Canada",72,73,73,78,78,78,77,77,77,78,79,80,80,79,79,79,79,79,78,77,77,77,76,75,76,74,74,74,74,75]
["Poland",40,40,41,43,45,46,45,47,47,48,49,50,49,49,49,52,52,52,52,55,55,54,54,55,56,58,58,59,61,60]
["Brazil",72,75,82,89,91,92,95,98,98,98,99,98,98,95,94,95,91,91,87,84,78,76,73,73,66,66,60,61,59,59]
["Philippines",8,10,11,16,15,17,22,26,28,32,34,35,35,35,36,36,34,35,34,36,34,34,33,33,36,37,34,35,35,35]
["Ukraine",20,21,22,23,23,23,23,23,23,24,24,24,26,27,28,29,30,30,31,31,31,32,32,33,32,32,32,30,31,31]
["Turkey",13,13,13,13,14,15,15,19,19,21,22,27,27,29,29,30,30,30,30,29,27,27,28,29,28,29,29,29,29,29]
["Caribbean",19,20,21,24,24,24,24,25,26,26,27,27,27,27,27,27,27,26,26,27,27,27,27,28,28,28,28,28,28,28]
["South Africa",29,31,30,32,35,36,29,29,29,29,30,31,31,30,30,30,30,30,30,30,30,30,30,29,28,28,28,28,28,26]
["Netherlands",19,20,21,20,22,22,23,23,23,24,25,26,26,27,27,26,26,25,25,25,26,26,26,26,25,25,24,25,25,25]
["Portugal",17,18,20,22,22,23,23,24,24,24,24,26,26,26,26,26,26,26,26,26,26,26,26,25,25,25,25,25,25,25]
["Malaysia",25,25,25,27,29,29,28,30,29,31,31,31,32,33,31,31,32,31,28,27,26,25,25,25,25,24,23,25,25,25]
["Romania",10,10,13,15,15,15,16,19,20,20,21,22,22,22,22,23,23,23,23,23,24,24,24,24,24,24,24,24,24,24]
["Thailand",9,8,9,9,9,11,12,14,14,15,16,17,18,19,18,20,20,21,21,21,22,22,22,22,23,23,23,24,24,24]
["Belgium",24,24,24,25,25,25,25,25,25,25,25,27,25,25,25,24,24,23,23,22,21,22,22,22,22,21,26,24,23,24]
["Americas other emerging markets",null,null,null,null,null,null,null,null,null,null,null,null,49,54,55,66,41,40,34,34,34,34,34,33,32,33,25,23,24,24]
["Israel",16,17,14,14,16,17,17,17,17,17,17,17,17,17,17,17,18,17,17,17,18,18,20,20,20,20,20,20,20,21]
["Republic of Ireland",22,23,27,29,29,30,30,30,29,29,29,29,29,28,28,29,29,26,26,26,25,25,20,20,20,20,20,20,20,20]
["Czech Republic",14,14,14,17,17,17,19,19,19,19,19,19,19,19,19,19,19,19,19,19,19,18,18,18,18,19,19,20,20,20]
["Chile",null,null,null,null,null,null,null,null,null,null,null,null,4,6,6,14,14,14,14,14,15,15,15,16,17,17,18,18,20,20]
["United Arab Emirates",15,15,19,19,19,19,20,21,21,21,21,20,20,20,19,18,18,18,18,17,18,18,18,18,19,19,19,19,19,19]
["Hong Kong",26,26,28,29,29,27,29,30,30,28,30,30,27,28,27,30,29,28,23,24,23,23,20,21,19,19,17,18,18,19]
["New Zealand",12,12,12,13,13,15,16,16,16,16,17,17,17,17,18,18,18,18,18,18,18,18,18,18,18,18,18,18,18,18]
["Colombia",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,17,17,17,17,17,16,16,16,16,16,16,16,15,16]
["Saudi Arabia",2,2,3,6,7,8,9,10,10,12,12,12,12,12,12,13,13,12,13,13,13,13,13,15,15,15,15,15,14,14]
["Serbia",null,null,null,null,null,null,null,null,null,null,null,null,8,9,9,9,9,10,10,11,11,12,12,12,12,12,13,13,13,13]
["Hungary",null,null,null,null,null,null,null,null,null,null,null,null,7,8,8,8,8,8,8,8,8,8,8,10,10,11,12,13,13,13]
["Kazakhstan",null,null,null,null,null,null,null,null,null,null,null,null,9,9,9,12,12,12,12,13,13,13,13,13,13,12,12,12,12,13]
["Singapore",15,15,14,14,14,14,14,15,15,15,15,15,15,16,15,12,11,11,11,11,11,11,11,10,11,11,12,11,12,13]
["Taiwan",null,null,null,null,null,null,null,null,null,null,null,null,5,5,5,5,5,5,5,5,8,8,10,12,11,11,11,11,11,12]
["Japan",null,null,null,null,null,null,null,null,null,null,null,null,7,7,6,6,6,6,6,6,6,6,6,6,6,7,8,9,9,12]
["Greece",11,13,13,13,13,13,13,14,14,15,15,15,15,14,14,14,14,13,11,11,11,11,11,11,11,11,11,11,11,11]
["Austria",12,11,12,14,13,13,14,14,14,14,15,15,15,15,14,14,14,11,11,11,11,11,11,12,10,10,10,10,10,10]
["Rest of World1",97,111,123,139,152,162,178,190,196,206,214,227,170,173,173,369,366,173,174,172,167,162,159,161,159,156,165,170,171,166]
["Russia",203,200,205,208,206,209,206,201,200,200,200,201,198,195,186,184,186]
["Belarus",null,null,null,null,null,null,null,null,null,null,null,null,6,6,6,6,6]
["Denmark",11,11,11,14,14,14,14,14,14,14,14,14,14,14,12,12,8,7,7,7,7,7,5,4,4,3,3,3,3,4]
["Sweden",4,5,7,8,8,8,8,10,10,11,11,12,11,11,11,10,9,10,10,7,7,6,5,5,5,5,5,6,5,5]
["Nigeria",6,6,6,6,6,6,6,8,8,8,8,10,10,10,10,10,8,8,8,8,8,8,8,8,8,8,8,8,8,8]
["Argentina",null,null,null,null,null,null,null,null,null,null,null,null,6,7,7,8,8,8,8,8,7,7,7,7,7,7,7,7,7,7]
["[None]",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Guam",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["North America - Overhead",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Venezuela",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Panama",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,2,2,3]
["Peru",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,2,2,2,2,1,2,2,2,2,3,5,6,6,6]
["Paraguay",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Uruguay",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Americas emerging markets - cluster costs",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Americas - regional",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Americas - Group adjustments",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Indonesia",null,null,null,null,null,null,null,null,null,null,null,null,7,7,8,9,9,9,9,9,9,9,9,9,9,8,7,7,7,7]
["Vietnam",null,null,null,null,null,null,null,null,null,null,null,null,5,5,5,5,5,5,5,5,5,5,5,6,6,7,7,8,8,8]
["Macau",null,null,null,null,null,null,null,null,null,null,null,null,4,4,4,4,4,4,3,3,2,2,2,3,3,3,3,3,3,3]
["Cambodia",null,null,null,null,null,null,null,null,null,null,null,null,3,3,3,3,3,3,3,3,3,3,3,3,3,3,3,3,3,3]
["Myanmar",null,null,null,null,null,null,null,null,null,null,null,null,2,2,2,2,2,2,2,3,3,3,3,3,1,1,0,0,0,0]
["Brunei",null,null,null,null,null,null,null,null,null,null,null,null,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1]
["South Korea",null,null,null,null,null,null,null,null,null,null,null,null,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1]
["Mongolia",null,null,null,null,null,null,null,null,null,null,null,null,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1]
["Northern Mariana Islands",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Asia - Other",null,null,null,null,null,null,null,null,null,null,null,null,1,1,1,1,1,1,1,1,1,1,1,1,2,1,1,1,1,1]
["Other Asia - cluster costs",null,null,null,null,null,null,null,null,null,null,null,null,1,1,1,1,1,1,1,0,0,0,0,0,0,0,0,0,0,0]
["Asia - not allocated",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Fiji",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Other Pacific",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Pacific - cluster costs_old",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["ASPAC - regional",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["ASPAC - Group adjustments",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Switzerland",null,null,null,null,null,null,null,null,null,null,null,null,8,8,8,9,8,8,9,9,9,9,9,9,9,9,9,9,9,9]
["Bulgaria",null,null,null,null,null,null,null,null,null,null,null,null,7,8,8,8,8,8,8,9,9,9,9,9,9,9,9,9,9,9]
["Croatia",null,null,null,null,null,null,null,null,null,null,null,null,6,5,5,5,5,5,5,5,5,5,5,5,4,5,5,5,5,6]
["Travel Retail",null,null,null,null,null,null,null,null,null,null,null,null,2,1,1,1,1,1,1,0,0,0,0,0,0,0,0,0,0,0]
["Northern Ireland",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0]
["Estonia",null,null,null,null,null,null,null,null,null,null,null,null,5,4,4,4,4,4,3,4,4,3,3,3,3,3,3,3,3,3]
["Lithuania",null,null,null,null,null,null,null,null,null,null,null,null,5,5,6,6,7,7,7,7,7,7,7,7,7,7,7,7,7,7]
["Slovenia",null,null,null,null,null,null,null,null,null,null,null,null,5,6,6,6,6,7,7,7,7,7,7,7,7,7,7,7,7,8]
["Egypt",null,null,null,null,null,null,null,null,null,null,null,null,5,5,5,6,6,6,6,6,6,6,6,6,6,6,6,6,6,6]
["India",null,null,null,null,null,null,null,null,null,null,null,null,5,5,5,5,5,5,5,5,5,0,0,0,0,0,0,0,0,0]
["Slovakia",null,null,null,null,null,null,null,null,null,null,null,null,4,5,5,5,5,5,5,5,5,5,5,5,5,5,6,6,7,7]
["Norway",null,null,null,null,null,null,null,null,null,null,null,null,3,3,3,3,3,2,2,2,2,2,2,2,2,1,1,1,1,1]
["Albania",null,null,null,null,null,null,null,null,null,null,null,null,3,3,3,3,3,3,3,3,3,3,3,3,3,3,3,3,3,3]
["Azerbaijan",null,null,null,null,null,null,null,null,null,null,null,null,3,3,3,3,3,3,3,3,3,3,3,3,3,3,3,3,3,3]
["Latvia",null,null,null,null,null,null,null,null,null,null,null,null,4,5,5,5,6,6,6,6,6,5,5,5,5,5,5,5,5,5]
["Jordan",null,null,null,null,null,null,null,null,null,null,null,null,3,3,3,3,3,3,3,3,3,3,3,3,3,3,3,3,4,4]
["Kuwait",null,null,null,null,null,null,null,null,null,null,null,null,3,3,3,3,3,3,3,4,4,4,4,4,4,4,4,3,3,3]
["Lebanon",null,null,null,null,null,null,null,null,null,null,null,null,3,3,3,3,3,3,3,3,3,3,3,3,3,3,3,3,3,3]
["Mauritius",null,null,null,null,null,null,null,null,null,null,null,null,3,3,3,3,4,4,4,4,4,4,4,4,4,4,4,4,4,4]
["Iceland",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,2,2,2,2,0,0,0,0,0,0,0,0,0,0,0]
["Armenia",null,null,null,null,null,null,null,null,null,null,null,null,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2]
["Georgia",null,null,null,null,null,null,null,null,null,null,null,null,2,2,2,2,2,1,1,1,1,1,1,1,1,1,1,1,1,1]
["Uzbekistan",null,null,null,null,null,null,null,null,null,null,null,null,2,2,2,2,2,2,3,3,3,3,3,3,3,3,3,3,3,3]
["Kosovo",null,null,null,null,null,null,null,null,null,null,null,null,3,3,3,4,3,3,3,3,3,3,3,3,3,3,3,3,3,4]
["Bahrain",null,null,null,null,null,null,null,null,null,null,null,null,2,2,2,2,1,1,1,1,1,2,2,2,2,2,2,2,2,2]
["Namibia",null,null,null,null,null,null,null,null,null,null,null,null,2,2,2,2,2,2,2,2,0,0,0,0,0,0,0,0,0,0]
["Oman",null,null,null,null,null,null,null,null,null,null,null,null,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2]
["Qatar",null,null,null,null,null,null,null,null,null,null,null,null,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2]
["Reunion",null,null,null,null,null,null,null,null,null,null,null,null,2,2,2,2,2,2,2,3,3,3,3,3,3,3,3,3,3,3]
["Finland",null,null,null,null,null,null,null,null,null,null,null,null,1,1,1,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Bosnia and Herzegovina",null,null,null,null,null,null,null,null,null,null,null,null,2,2,2,2,2,2,3,3,3,3,3,3,3,3,3,3,3,3]
["Moldova",null,null,null,null,null,null,null,null,null,null,null,null,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1]
["Macedonia",null,null,null,null,null,null,null,null,null,null,null,null,1,2,2,2,2,2,2,2,2,2,2,3,3,3,3,3,3,3]
["Zambia",null,null,null,null,null,null,null,null,null,null,null,null,1,1,1,1,1,1,1,1,1,1,1,1,1,0,0,0,0,0]
["Zimbabwe",null,null,null,null,null,null,null,null,null,null,null,null,1,1,1,1,1,1,1,1,1,1,1,1,1,0,0,0,0,0]
["Other British Isles",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["British Isles - cluster costs",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Andorra",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Cyprus",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Gibraltar",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Malta",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Southern Europe - cluster costs",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Faroe Islands",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Greenland",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Liechtenstein",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Luxembourg",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,1,1,1,1,1,1,1,1,1,1,1,1,1,1,0]
["Other CWE",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["CWE - not allocated",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Other Nordic",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Nordic - not allocated",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["United Kingdom",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Northern Europe - cluster costs",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Montenegro",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,1,1,1,1,1,1,1,1,1]
["Other CEE",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["CEE - not allocated",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Eastern Europe - cluster costs",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Ghana",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Iran",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Kenya",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Morocco",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Madagascar",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Tunisia",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Tanzania",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Other Middle East",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Middle East - Not allocated",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["CEE & Middle East - not allocated",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["EMEA Emerging markets - cluster costs",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Other Export",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Export - not allocated",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Ecommerce",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Rest of Europe - not allocated",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Argentina_OLD",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Brazil_OLD",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Colombia_OLD",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Venezuela_OLD",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Paraguay_OLD",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Uruguay_OLD",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Other South America_OLD",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["EMEA - regional",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["EMEA - Group adjustments",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Other CPH",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["CPH - Group adjustments",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["European Distribution Center - EDC",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Service Delivery Center, Warszawa",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["BOI 1",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["BOI 2",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["BOI 3",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["BOI 4",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["BOI 6",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["SHARE_",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["SHARE PPT1",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["SHARE TEM",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["NON BOI",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["BOI 5",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Pandora Production Thailand",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Pandora Services Thailand",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["PPT - Group adjustments",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Allocated",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Transfer pricing",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Adjustments - Group",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Elimination - Market",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["All markets",1852,1920,2010,2138,2196,2266,2328,2446,2485,2548,2614,2705,2713,2731,2721,2770,2746,2527,2511,2510,2479,2450,2440,2454,2432,2447,2474,2542,2519,2552]
["1As of Q1 2022, Pandora excludes concept stores and other points of sales from third-party distribution related to Russia and Belarus. Comparative figures for 2021 and 2020 were restated accordingly."]
["Number of concept stores, O&O","Q1 2016","Q2 2016","Q3 2016","Q4 2016","Q1 2017","Q2 2017","Q3 2017","Q4 2017","Q1 2018","Q2 2018","Q3 2018","Q4 2018","Q1 2019","Q2 2019","Q3 2019","Q4 2019","Q1 2020","Q2 2020","Q3 2020","Q4 2020","Q1 2021","Q2 2021","Q3 2021","Q4 2021","Q1 2022","Q2 2022","Q3 2022","Q4 2022","Q1 2023","Q2 2023"]
["US",42,44,46,46,64,70,99,114,117,134,149,154,154,153,154,158,156,156,153,154,179,179,186,187,224,227,255,270,277,300]
["China",58,67,81,97,116,133,139,151,165,183,196,203,213,218,223,226,227,225,225,222,216,202,203,196,191,201,214,234,224,218]
["UK",9,9,13,13,22,22,23,37,45,78,121,126,126,127,127,126,126,127,139,139,138,141,155,170,176,189,188,196,196,200]
["Italy",19,20,22,27,32,39,53,66,70,73,81,93,102,105,107,107,107,107,107,107,107,106,107,107,107,108,113,119,118,124]
["Germany",144,144,144,142,140,141,140,145,143,143,145,145,146,145,142,140,135,133,135,134,134,134,132,132,130,130,129,131,129,129]
["Australia",17,17,17,17,19,19,22,26,27,27,34,36,36,39,38,39,38,38,37,38,39,39,41,43,43,42,41,41,42,46]
["France",23,23,23,27,27,27,30,44,47,50,61,73,74,75,75,77,77,77,77,77,76,77,78,78,78,80,80,81,80,82]
["Mexico",0,0,0,0,0,0,2,10,19,21,27,40,39,40,41,45,47,47,48,49,49,49,49,49,49,49,59,65,68,69]
["Spain",0,0,0,0,0,0,50,54,57,60,62,69,68,68,69,70,70,70,70,70,69,70,74,79,76,77,79,81,80,81]
["Canada",2,2,2,2,6,6,10,10,14,15,23,23,23,23,23,23,23,23,23,30,31,31,32,32,39,40,40,40,41,42]
["Poland",17,17,18,20,19,20,34,36,36,37,38,39,39,38,37,37,37,37,37,38,38,37,37,38,39,42,42,43,45,45]
["Brazil",43,42,46,50,52,53,56,58,58,58,59,59,59,57,56,57,54,54,54,54,49,47,44,44,39,39,37,37,37,37]
["Philippines",0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Ukraine",0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Turkey",13,13,13,13,14,15,15,19,19,21,22,27,27,29,29,30,30,30,30,29,27,27,28,29,28,29,29,29,29,29]
["Caribbean",0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["South Africa",0,0,0,0,0,0,19,22,22,27,28,29,29,28,28,28,28,28,28,28,28,28,28,27,27,27,27,27,27,25]
["Netherlands",19,20,21,20,22,22,23,23,23,24,25,26,26,27,27,26,26,25,25,25,26,26,26,26,25,25,24,25,25,25]
["Portugal",0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,25,25,25,25]
["Malaysia",0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Romania",7,7,9,9,9,9,10,11,12,12,12,12,12,12,12,12,12,12,12,12,12,12,12,12,12,12,12,12,12,12]
["Thailand",0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Belgium",0,0,0,0,0,13,13,13,13,13,13,15,15,15,15,15,15,14,14,14,14,14,15,15,21,21,26,24,23,24]
["Americas other emerging markets",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Israel",0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Republic of Ireland",0,0,0,0,0,0,0,0,0,24,24,24,24,23,23,24,24,21,21,21,20,20,20,20,20,20,20,20,20,20]
["Czech Republic",10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,9,9,9,9,10,12,14,16,16]
["Chile",null,null,null,null,null,null,null,null,null,null,null,null,4,6,6,6,5,5,5,5,5,5,5,5,5,5,6,6,8,8]
["United Arab Emirates",15,15,19,19,19,19,20,21,21,21,21,20,20,20,19,18,18,18,18,17,18,18,18,18,19,19,19,19,19,19]
["Hong Kong",24,24,25,25,25,23,24,25,25,23,25,25,24,25,25,28,27,26,21,22,21,21,18,19,18,18,16,17,16,17]
["New Zealand",0,0,0,0,0,5,6,6,6,6,8,8,8,8,9,9,9,9,9,9,9,9,9,9,9,10,10,10,10,10]
["Colombia",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,1,1,1,1,16]
["Saudi Arabia",0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Serbia",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Hungary",null,null,null,null,null,null,null,null,null,null,null,null,7,8,8,8,8,8,8,8,8,8,8,8,8,8,9,9,9,9]
["Kazakhstan",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Singapore",12,12,11,11,11,11,11,11,11,11,11,11,11,12,11,11,11,11,11,11,11,11,11,10,11,11,12,11,12,13]
["Taiwan",null,null,null,null,null,null,null,null,null,null,null,null,5,5,5,5,5,5,5,5,8,8,10,12,11,11,11,11,11,12]
["Japan",null,null,null,null,null,null,null,null,null,null,null,null,7,7,6,6,6,6,6,6,6,6,6,6,6,7,8,9,9,12]
["Greece",0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Austria",4,4,5,7,7,7,8,8,9,9,10,10,10,10,9,9,9,9,9,9,9,9,9,10,10,10,10,10,10,10]
["Rest of World",18,19,20,21,24,25,26,30,29,31,36,37,46,47,45,47,42,42,42,39,37,36,33,33,34,32,41,45,45,37]
["Russia",0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Denmark",11,11,11,14,14,14,14,14,14,14,14,14,14,14,12,12,8,7,7,7,7,7,5,4,4,3,3,3,3,4]
["Sweden",4,5,7,8,8,8,8,10,10,11,11,12,11,11,11,10,9,10,10,7,7,6,5,5,5,5,5,6,5,5]
["Nigeria",0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Argentina",null,null,null,null,null,null,null,null,null,null,null,null,6,7,7,8,8,8,8,8,7,7,7,7,7,7,7,7,7,7]
["[None]",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Guam",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["North America - Overhead",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Venezuela",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Panama",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,2,2,3]
["Peru",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Paraguay",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Uruguay",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Americas emerging markets - cluster costs",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Americas - regional",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Americas - Group adjustments",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Indonesia",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Vietnam",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Macau",null,null,null,null,null,null,null,null,null,null,null,null,4,4,4,4,4,4,3,3,2,2,2,3,3,3,3,3,3,3]
["Cambodia",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Myanmar",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Brunei",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["South Korea",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Mongolia",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Northern Mariana Islands",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Asia - Other",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Other Asia - cluster costs",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Asia - not allocated",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Fiji",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Other Pacific",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Pacific - cluster costs_old",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["ASPAC - regional",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["ASPAC - Group adjustments",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Switzerland",null,null,null,null,null,null,null,null,null,null,null,null,7,7,7,8,8,8,9,9,9,9,9,9,9,9,9,9,9,9]
["Bulgaria",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Belarus",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Croatia",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Travel Retail",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Northern Ireland",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Estonia",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Lithuania",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Slovenia",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Egypt",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["India",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Slovakia",null,null,null,null,null,null,null,null,null,null,null,null,2,2,2,2,2,2,2,2,2,2,2,2,3,3,4,4,5,5]
["Norway",null,null,null,null,null,null,null,null,null,null,null,null,2,2,2,2,2,2,2,2,2,2,2,2,2,1,1,1,1,1]
["Albania",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Azerbaijan",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Latvia",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Jordan",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Kuwait",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Lebanon",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Mauritius",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Iceland",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Armenia",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Georgia",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Uzbekistan",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Kosovo",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Bahrain",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Namibia",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Oman",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Qatar",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Reunion",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Finland",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Bosnia and Herzegovina",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Moldova",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Macedonia",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Zambia",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Zimbabwe",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Other British Isles",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["British Isles - cluster costs",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Andorra",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Cyprus",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Gibraltar",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Malta",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Southern Europe - cluster costs",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Faroe Islands",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Greenland",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Liechtenstein",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Luxembourg",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,1,1,1,1,1,1,1,1,1,1,1,1,1,1,0]
["Other CWE",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["CWE - not allocated",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Other Nordic",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Nordic - not allocated",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["United Kingdom",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Northern Europe - cluster costs",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Montenegro",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Other CEE",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["CEE - not allocated",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Eastern Europe - cluster costs",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Ghana",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Iran",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Kenya",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Morocco",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Madagascar",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Tunisia",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Tanzania",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Other Middle East",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Middle East - Not allocated",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["CEE & Middle East - not allocated",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["EMEA Emerging markets - cluster costs",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Other Export",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Export - not allocated",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Ecommerce",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Rest of Europe - not allocated",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Argentina_OLD",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Brazil_OLD",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Colombia_OLD",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Venezuela_OLD",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Paraguay_OLD",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Uruguay_OLD",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Other South America_OLD",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["EMEA - regional",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["EMEA - Group adjustments",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Other CPH",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["CPH - Group adjustments",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["European Distribution Center - EDC",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Service Delivery Center, Warszawa",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["BOI 1",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["BOI 2",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["BOI 3",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["BOI 4",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["BOI 6",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["SHARE_",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["SHARE PPT1",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["SHARE TEM",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["NON BOI",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["BOI 5",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Pandora Production Thailand",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Pandora Services Thailand",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["PPT - Group adjustments",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Allocated",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Transfer pricing",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Adjustments - Group",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Elimination - Market",null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["All markets",511,525,563,598,660,711,865,974,1022,1136,1266,1340,1364,1380,1379,1397,1382,1373,1379,1382,1394,1379,1403,1423,1464,1500,1587,1653,1655,1712]
["1 Excluding Russia and Belarus as of Q1 2022"]

{"sheet":"Cost, GM, EBIT, EBITDA_appendix","index":4,"n_rows":66,"n_cols":35,"rows_kept":66,"cut":false,"hidden":false,"merged":[]}
["Cost of sales and gross profit","Q1 2015","Q2 2015","Q3 2015","Q4 2015","Q1 2016","Q2 2016","Q3 2016","Q4 2016","Q1 2017","Q2 2017","Q3 2017","Q4 2017","Q1 2018","Q2 2018","Q3 2018","Q4 2018","Q1 2019","Q2 2019","Q3 2019","Q4 2019","Q1 2020","Q2 2020","Q3 2020","Q4 2020","Q1 2021","Q2 2021","Q3 2021","Q4 2021","Q1 2022","Q2 2022","Q3 2022","Q4 2022","Q1 2023","Q2 2023"]
["DKK million"]
["Revenue",3547,3598,3911,5681,4740,4327,4612,6602,5159,4825,5194,7603,5115,4819,4982,7890,4804,4693,4415,7956,4172,2876,4070,7891,4500,5155,4728,9011,5689,5655,5263,9856,5850,5894]
["Cost of sales",-1025,-1025,-1018,-1476,-1204,-1067,-1148,-1639,-1378,-1258,-1341,-1838,-1239,-1181,-1380,-2064,-1159,-1123,-946,-1721,-942,-722,-892,-1920,-1065,-1180,-1158,-2188,-1365,-1337,-1227,-2345,-1315,-1289]
["Gross profit excl. restructuring costs",2522,2573,2893,4205,3536,3260,3464,4963,3781,3567,3853,5765,3876,3638,3602,5826,3645,3570,3469,6235,3230,2155,3178,5971,3436,3975,3571,6822,4324,4318,4037,7511,4536,4606]
["Restructuring costs1",0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,-25,-67,-721,-203,-86,-56,4,-21,0,0,0,0,0,0,0,0,0,0]
["Total gross profit incl. restructuring costs",2522,2573,2893,4205,3536,3260,3464,4963,3781,3567,3853,5765,3876,3638,3602,5826,3620,3503,2747,6032,3144,2099,3183,5950,3436,3975,3571,6822,4324,4318,4037,7511,4536,4606]
["1 Restructuring cost incurred as part of Programme NOW in 2019 and 2020"]
[]
["Cost of sales and gross profit, ratios"]
["Revenue",1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1]
["Cost of sales",-0.28899999999999998,-0.25800000000000001,-0.26,-0.26,-0.254,-0.247,-0.249,-0.248,-0.26700000000000002,-0.26100000000000001,-0.25800000000000001,-0.24199999999999999,-0.24199999999999999,-0.245,-0.27700000000000002,-0.26200000000000001,-0.24099999999999999,-0.23899999999999999,-0.24099999999999999,-0.216,-0.22600000000000001,-0.251,-0.219,-0.24299999999999999,-0.23699999999999999,-0.22900000000000001,-0.245,-0.24299999999999999,-0.24,-0.23599999999999999,-0.23300000000000001,-0.23799999999999999,-0.22500000000000001,-0.219]
["Gross Profit excl. restructuring costs",0.71099999999999997,0.71499999999999997,0.74,0.74,0.746,0.753,0.751,0.752,0.73299999999999998,0.73899999999999999,0.74199999999999999,0.75800000000000001,0.75800000000000001,0.755,0.72299999999999998,0.73799999999999999,0.75900000000000001,0.76100000000000001,0.78600000000000003,0.78400000000000003,0.77400000000000002,0.749,0.78100000000000003,0.75700000000000001,0.76300000000000001,0.77100000000000002,0.755,0.75700000000000001,0.76,0.76400000000000001,0.76700000000000002,0.76200000000000001,0.77500000000000002,0.78100000000000003]
["Restructuring costs1",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-5.0000000000000001E-3,-1.4E-2,-0.16300000000000001,-2.5999999999999999E-2,-2.1000000000000001E-2,-1.9E-2,1E-3,-3.0000000000000001E-3,0,0,0,0,0,0,0,0,0,0]
["Total gross profit incl. restructuring costs",0.71099999999999997,0.71499999999999997,0.74,0.74,0.746,0.753,0.751,0.752,0.73299999999999998,0.73899999999999999,0.74199999999999999,0.75800000000000001,0.75800000000000001,0.755,0.72299999999999998,0.73799999999999999,0.754,0.746,0.622,0.75800000000000001,0.754,0.73,0.78200000000000003,0.754,0.76300000000000001,0.77100000000000002,0.755,0.75700000000000001,0.76,0.76400000000000001,0.76700000000000002,0.76200000000000001,0.77500000000000002,0.78100000000000003]
["1 Restructuring cost incurred as part of Programme NOW in 2019 and 2020"]
[]
["Cost of sales per segment2,3"]
["Moments incl. Collabs",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-818,-871,-1133,-1370,-736,-583,-629,-1411,-854,-936,-878,-1692,-1110,-1091,-892,-1817,-1030,-1024]
["Style ",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-365,-320,-535,-554,-292,-195,-259,-529,-211,-244,-280,-496,-255,-246,-334,-528,-285,-265]
["Total cost of sales",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-1184,-1190,-1668,-1924,-1028,-778,-888,-1941,-1065,-1180,-1158,-2188,-1365,-1337,-1227,-2345,-1315,-1289]
["2Comparative figures for the period Q1 2019 to Q1 2021 have been restated to reflect the re-allocation of Garden from Style to Moments incl. Collabs",null,"1 Comparative figures for the period Q1 2019 to Q4 2020 have been restated to reflect the allocation of Garden from Style to Moments and Collabs"]
["3Comparative figures for the period Q1 2021 to Q4 2022 have been restated to reflect the product re-allocation across Signature and Timeless into the Moments platform in Q1 2023."]
[]
["Gross profit per segment2,3"]
["Moments incl. Collabs",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,2469,2540,1901,4230,2238,1556,2219,4191,2675,3076,2684,5055,3348,3368,3080,5635,3440,3547]
["Style ",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1151,963,846,1803,906,543,964,1759,761,898,887,1767,976,950,957,1876,1096,1059]
["Total gross profit",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,3620,3503,2747,6032,3144,2099,3183,5950,3436,3975,3571,6822,4324,4318,4037,7511,4536,4606]
["2Comparative figures for the period Q1 2019 to Q1 2021 have been restated to reflect the re-allocation of Garden from Style to Moments incl. Collabs",null,"1 Comparative figures for the period Q1 2019 to Q4 2020 have been restated to reflect the allocation of Garden from Style to Moments and Collabs"]
["3Comparative figures for the period Q1 2021 to Q4 2022 have been restated to reflect the product re-allocation across Signature and Timeless into the Moments platform in Q1 2023."]
[]
["Operational expenses, DKK"]
["Sales & distribution expenses",-599,-662,-807,-1052,-998,-894,-934,-1185,-1084,-1057,-1077,-1592,-1373,-1376,-1485,-1846,-1551,-1468,-1381,-1860,-1594,-1240,-1433,-1966,-1471,-1402,-1418,-2061,-1760,-1701,-1723,-2418,-2003,-1975]
["Marketing expenses",-327,-319,-360,-596,-346,-405,-360,-716,-447,-480,-470,-838,-485,-454,-431,-772,-483,-537,-690,-985,-570,-464,-631,-1052,-578,-784,-752,-1473,-745,-914,-760,-1301,-715,-864]
["Administrative expenses",-358,-357,-387,-555,-547,-473,-451,-510,-534,-580,-506,-517,-577,-542,-490,-680,-529,-490,-507,-585,-428,-418,-412,-444,-484,-488,-444,-610,-509,-454,-576,-586,-562,-578]
["Total operating expenses excl. restructuring costs",-1284,-1338,-1554,-2203,-1891,-1772,-1745,-2411,-2065,-2117,-2053,-2947,-2435,-2372,-2406,-3298,-2563,-2495,-2578,-3430,-2592,-2122,-2477,-3462,-2533,-2673,-2614,-4144,-3014,-3069,-3059,-4305,-3280,-3417]
["Restructuring costs1",0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,-97,-244,-368,-300,-348,-175,-239,-276,0,0,0,0,0,0,0,0,0,0]
["Total operating expenses incl. restructuring costs",-1284,-1338,-1554,-2203,-1891,-1772,-1745,-2411,-2065,-2117,-2053,-2947,-2435,-2372,-2406,-3298,-2660,-2739,-2945,-3730,-2940,-2297,-2716,-3738,-2533,-2673,-2614,-4144,-3014,-3069,-3059,-4305,-3280,-3417]
["1 Restructuring cost incurred as part of Programme NOW in 2019 and 2020"]
[]
["Operational expenses, ratios"]
["Sales & distribution expenses",-0.16900000000000001,-0.184,-0.20599999999999999,-0.185,-0.21099999999999999,-0.20699999999999999,-0.20300000000000001,-0.17899999999999999,-0.21,-0.219,-0.20699999999999999,-0.20899999999999999,-0.26800000000000002,-0.28599999999999998,-0.29799999999999999,-0.23400000000000001,-0.32300000000000001,-0.313,-0.313,-0.23400000000000001,-0.38200000000000001,-0.43099999999999999,-0.35199999999999998,-0.249,-0.32700000000000001,-0.27200000000000002,-0.3,-0.22900000000000001,-0.309,-0.30099999999999999,-0.32700000000000001,-0.245,-0.34200000000000003,-0.33500000000000002]
["Marketing expenses",-9.1999999999999998E-2,-8.8999999999999996E-2,-9.1999999999999998E-2,-0.105,-7.2999999999999995E-2,-9.4E-2,-7.8E-2,-0.108,-8.6999999999999994E-2,-9.9000000000000005E-2,-0.09,-0.11,-9.5000000000000001E-2,-9.4E-2,-8.6999999999999994E-2,-9.8000000000000004E-2,-0.10100000000000001,-0.114,-0.156,-0.124,-0.13700000000000001,-0.161,-0.155,-0.13300000000000001,-0.128,-0.152,-0.159,-0.16400000000000001,-0.13100000000000001,-0.16200000000000001,-0.14399999999999999,-0.13200000000000001,-0.122,-0.14699999999999999]
["Administrative expenses",-0.10100000000000001,-9.9000000000000005E-2,-9.9000000000000005E-2,-9.8000000000000004E-2,-0.115,-0.109,-9.8000000000000004E-2,-7.6999999999999999E-2,-0.104,-0.12,-9.7000000000000003E-2,-6.8000000000000005E-2,-0.113,-0.112,-9.8000000000000004E-2,-8.5999999999999993E-2,-0.11,-0.104,-0.115,-7.3999999999999996E-2,-0.10299999999999999,-0.14499999999999999,-0.10100000000000001,-5.6000000000000001E-2,-0.108,-9.5000000000000001E-2,-9.4E-2,-6.8000000000000005E-2,-0.09,-0.08,-0.109,-5.8999999999999997E-2,-9.6000000000000002E-2,-9.8000000000000004E-2]
["Total operating expenses excl. restructuring costs",-0.36199999999999999,-0.372,-0.39700000000000002,-0.38800000000000001,-0.39900000000000002,-0.41,-0.378,-0.36499999999999999,-0.4,-0.439,-0.39500000000000002,-0.38800000000000001,-0.47599999999999998,-0.49199999999999999,-0.48299999999999998,-0.41799999999999998,-0.53300000000000003,-5.532,-0.58399999999999996,-0.43099999999999999,-0.621,-0.73799999999999999,-0.60799999999999998,-0.439,-0.56299999999999994,-0.51900000000000002,-0.55300000000000005,-0.46,-0.53,-0.54300000000000004,-0.58099999999999996,-0.437,-0.56100000000000005,-0.57999999999999996]
["Restructuring costs1",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.02,-5.1999999999999998E-2,-8.3000000000000004E-2,-3.7999999999999999E-2,-8.4000000000000005E-2,-6.0999999999999999E-2,-5.8999999999999997E-2,-3.5000000000000003E-2,0,0,0,0,0,0,0,0,0,0]
["Total operating expenses incl. restructuring costs",-0.36199999999999999,-0.372,-0.39700000000000002,-0.38800000000000001,-0.39900000000000002,-0.41,-0.378,-0.36499999999999999,-0.4,-0.439,-0.39500000000000002,-0.38800000000000001,-0.47599999999999998,-0.49199999999999999,-0.48299999999999998,-0.41799999999999998,-0.55400000000000005,-0.58399999999999996,-0.66700000000000004,-0.46899999999999997,-0.70499999999999996,-0.79900000000000004,-0.66700000000000004,-0.47399999999999998,-0.56299999999999994,-0.51900000000000002,-0.55300000000000005,-0.46,-0.53,-0.54300000000000004,-0.58099999999999996,-0.437,-0.56100000000000005,-0.57999999999999996]
["1 Restructuring cost incurred as part of Programme NOW in 2019 and 2020"]
[]
["EBIT"]
["EBIT reported1 ",null,null,null,null,null,null,null,null,1716,1450,1800,2818,1441,1266,1196,2528,960,764,-198,2302,204,-198,467,2212,903,1301,957,2678,1310,1249,978,3206,1256,1188]
["Restructuring costs2",null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,-122,-310,-1089,-503,-435,-231,-235,-296,0,0,0,0,0,0,0,0,0,0]
["EBIT excl. restructuring costs",null,null,null,null,null,null,null,null,1716,1450,1800,2818,1441,1266,1196,2528,1083,1075,891,2806,638,33,702,2508,903,1301,957,2678,1310,1249,978,3206,1256,1188]
["EBIT margin reported",null,null,null,null,null,null,null,null,0.33300000000000002,0.30099999999999999,0.34699999999999998,0.371,0.28199999999999997,0.26300000000000001,0.24,0.32,0.2,0.16300000000000001,-4.4999999999999998E-2,0.28899999999999998,4.9000000000000002E-2,-6.9000000000000006E-2,0.115,0.28000000000000003,0.20100000000000001,0.252,0.20200000000000001,0.29699999999999999,0.23,0.221,0.186,0.32500000000000001,0.215,0.20200000000000001]
["EBIT margin excl. restructuring costs",null,null,null,null,null,null,null,null,0.33300000000000002,0.30099999999999999,0.34699999999999998,0.371,0.28199999999999997,0.26300000000000001,0.24,0.32,0.22500000000000001,0.22900000000000001,0.20200000000000001,0.35299999999999998,0.153,1.0999999999999999E-2,0.17199999999999999,0.318,0.20100000000000001,0.252,0.20200000000000001,0.29699999999999999,0.23,0.221,0.186,0.32500000000000001,0.215,0.20200000000000001]
["1 EBIT excludes IFRS16 until Q4 2018, and includes IFRS16 from Q1 2019 onwards"]
["2 Restructuring cost incurred as part of Programme NOW in 2019 and 2020"]
[]
["EBITDA "]
["EBITDA reported1 ",null,null,null,null,null,null,null,null,1879,1611,1965,3050,1667,1496,1445,2813,1474,1290,520,2862,733,325,1045,2896,1416,1762,1393,3267,1772,1737,1496,3712,1753,1690]
["Restructuring costs2",null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,-122,-310,-912,-495,-425,-208,-218,-273,0,0,0,0,0,0,0,0,0,0]
["EBITDA excl. restructuring costs",null,null,null,null,null,null,null,null,1879,1611,1965,3050,1667,1496,1445,2813,1597,1601,1433,3358,1158,533,1263,3169,1416,1762,1393,3267,1772,1737,1496,3712,1753,1690]
["EBITDA margin reported",null,null,null,null,null,null,null,null,0.36399999999999999,0.33400000000000002,0.378,0.40100000000000002,0.32600000000000001,0.311,0.28999999999999998,0.35699999999999998,0.307,0.27500000000000002,0.11799999999999999,0.36,0.17599999999999999,0.113,0.25700000000000001,0.36699999999999999,0.315,0.34200000000000003,0.29499999999999998,0.36299999999999999,0.311,0.307,0.28399999999999997,0.377,0.3,0.28699999999999998]
["EBIT margin excl. restructuring costs",null,null,null,null,null,null,null,null,0.36399999999999999,0.33400000000000002,0.378,0.40100000000000002,0.32600000000000001,0.311,0.28999999999999998,0.35699999999999998,0.312,0.28899999999999998,0.28100000000000003,0.38500000000000001,0.19600000000000001,0.13300000000000001,0.25600000000000001,0.37,0.315,0.34200000000000003,0.29499999999999998,0.36299999999999999,0.311,0.307,0.28399999999999997,0.377,0.3,0.28699999999999998]
["1 EBITDA excludes IFRS16 until Q4 2018, and includes IFRS16 from Q1 2019 onwards"]
["2 Restructuring cost incurred as part of Programme NOW in 2019 and 2020"]

{"sheet":"Financial statements_appendix","index":5,"n_rows":131,"n_cols":35,"rows_kept":131,"cut":false,"hidden":false,"merged":[]}
["Consolidated income statement","Q1 2015","Q2 2015","Q3 2015","Q4 2015","Q1 2016","Q2 2016","Q3 2016","Q4 2016","Q1 2017","Q2 2017","Q3 2017","Q4 2017","Q1 2018","Q2 2018","Q3 2018","Q4 2018","Q1 2019","Q2 2019","Q3 2019","Q4 2019","Q1 2020","Q2 2020","Q3 2020","Q4 2020","Q1 2021","Q2 2021","Q3 2021","Q4 2021","Q1 2022","Q2 2022","Q3 2022","Q4 2022","Q1 2023","Q2 2023"]
["DKK million"]
["Revenue ",3547,3598,3911,5681,4740,4327,4612,6602,5159,4825,5194,7603,5115,4819,4982,7890,4804,4693,4415,7956,4172,2876,4070,7891,4500,5155,4728,9011,5689,5655,5263,9856,5850,5894]
["Cost of sales",-1025,-1025,-1018,-1476,-1204,-1067,-1148,-1639,-1378,-1258,-1341,-1838,-1239,-1181,-1380,-2064,-1184,-1190,-1668,-1924,-1028,-778,-888,-1941,-1065,-1180,-1158,-2188,-1365,-1337,-1227,-2345,-1315,-1289]
["Gross profit",2522,2573,2893,4205,3536,3260,3464,4963,3781,3567,3853,5765,3876,3638,3602,5826,3620,3503,2747,6032,3144,2099,3183,5950,3436,3975,3571,6822,4324,4318,4037,7511,4536,4606]
["Sales, distribution and marketing expenses",-926,-981,-1167,-1648,-1344,-1299,-1294,-1901,-1531,-1537,-1547,-2430,-1858,-1830,-1916,-2618,-2039,-2071,-2261,-2933,-2254,-1747,-2094,-3060,-2049,-2186,-2170,-3535,-2505,-2615,-2483,-3720,-2718,-2839]
["Administrative expenses",-358,-357,-387,-555,-547,-473,-451,-510,-534,-580,-506,-517,-577,-542,-490,-680,-621,-668,-684,-797,-687,-550,-621,-678,-484,-488,-444,-610,-509,-454,-576,-586,-562,-578]
["Operating profit",1238,1235,1339,2002,1645,1488,1719,2552,1716,1450,1800,2818,1441,1266,1196,2528,960,764,-198,2302,204,-198,467,2212,903,1301,957,2678,1310,1249,978,3206,1256,1188]
["Finance income",2,44,1,37,24,71,87,146,31,37,17,113,115,189,91,138,132,22,128,70,18,53,61,185,17,65,52,17,88,132,91,101,92,67]
["Finance costs",-283,-113,-36,-121,-15,-14,-27,-26,-25,-100,-88,-102,-79,-108,-67,-128,-63,-107,-83,-97,-252,-81,-85,-89,-109,-86,-189,-228,-98,-160,-109,-255,-186,-239]
["Profit before tax",957,1166,1304,1918,1654,1545,1779,2672,1722,1387,1729,2829,1477,1347,1220,2538,1028,679,-154,2276,-30,-226,443,2308,811,1280,820,2467,1300,1221,960,3051,1162,1017]
["Income tax expense",-574,-256,-298,-543,-348,-324,-374,-579,-361,-292,-363,-883,-318,-303,-269,-647,-231,-153,35,-534,7,51,-100,-514,-182,-288,-184,-563,-306,-287,-226,-686,-273,-239]
["Net profit for the period",383,910,1006,1375,1306,1221,1405,2093,1361,1095,1366,1946,1159,1044,951,1891,797,526,-119,1741,-24,-175,343,1794,628,992,635,1904,995,934,734,2365,889,778]
[]
["Consolidated statement of comprehensive income","Q1 2015","Q2 2015","Q3 2015","Q4 2015","Q1 2016","Q2 2016","Q3 2016","Q4 2016","Q1 2017","Q2 2017","Q3 2017","Q4 2017","Q1 2018","Q2 2018","Q3 2018","Q4 2018","Q1 2019","Q2 2019","Q3 2019","Q4 2019","Q1 2020","Q2 2020","Q3 2020","Q4 2020","Q1 2021","Q2 2021","Q3 2021","Q4 2021","Q1 2022","Q2 2022","Q3 2022","Q4 2022","Q1 2023","Q2 2023"]
["DKK million"]
["Net profit for the period",383,910,1006,1375,1306,1221,1405,2093,1361,1095,1366,1946,1159,1044,951,1891,797,526,-119,1741,-24,-175,343,1794,628,992,635,1904,995,934,734,2365,889,778]
[]
["Other comprehensive income:"]
["Items that may be reclassified to profit/loss for the period"]
["Items that may be reclassified to profit/loss for the period, net of tax",700,-300,-269,163,30,328,-66,-134,191,-418,-74,42,-31,-117,9,184,41,82,209,-132,-353,205,-144,-124,-129,-110,-152,428,249,-132,100,-93,-4,-263]
["Items not to be reclassified to profit/loss for the period"]
["Acutarial gain/loss ",0,0,0,0,0,0,0,0,0,0,0,-2,0,0,0,12,0,0,0,0,0,0,0,6,0,0,0,10,0,0,0,0,0,-21]
["Items not to be reclassified to profit/loss for the period, net of tax",0,0,0,0,0,0,0,0,0,0,0,-2,0,0,0,12,0,0,0,0,0,0,0,6,0,0,0,10,0,0,0,0,0,-21]
[]
["Other comprehensive income, net of tax",700,-300,-269,163,30,328,-66,-134,191,-418,-74,40,-31,-117,9,196,41,82,209,-132,-353,205,-144,-118,-129,-110,-152,438,249,-132,100,-93,-4,-284]
["Total comprehensive income for the period",1083,610,737,1538,1336,1549,1339,1959,1552,677,1292,1986,1128,927,960,2087,838,608,90,1609,-377,30,199,1676,499,882,484,2341,1243,803,834,2284,885,494]
["Consolidated balance sheet","Q1 2015","Q2 2015","Q3 2015","Q4 2015","Q1 2016","Q2 2016","Q3 2016","Q4 2016","Q1 2017","Q2 2017","Q3 2017","Q4 2017","Q1 2018","Q2 2018","Q3 2018","Q4 2018","Q1 2019","Q2 2019","Q3 2019","Q4 2019","Q1 2020","Q2 2020","Q3 2020","Q4 2020","Q1 2021","Q2 2021","Q3 2021","Q4 2021","Q1 2022","Q2 2022","Q3 2022","Q4 2022","Q1 2023","Q2 2023"]
["DKK million"]
["Goodwill",2303,2335,2382,2424,2486,2507,2518,2571,2753,2771,3442,3522,3536,3919,4255,4278,4404,4351,4418,4416,4352,4343,4282,4247,4369,4326,4359,4418,4660,4743,4995,4822,4798,4882]
["Brand",1057,1057,1057,1057,1057,1058,1058,1057,1057,1057,1057,1057,1057,1057,1057,1057,1057,1057,1057,1057,1057,1057,1057,1057,1057,1057,1057,1057,1057,1057,1057,1057,1057,1057]
["Distribution",1312,1300,1312,1285,1274,1264,1253,1245,1233,1223,1343,1307,1271,1238,1204,1171,1163,1155,1148,1141,1133,1126,1118,1110,1103,1097,1089,1080,1072,1064,1055,1047,1041,1040]
["Other intangible assets",473,514,615,683,708,783,829,893,924,943,1035,1113,1139,1190,1247,1272,1018,995,864,831,781,737,674,529,517,545,599,538,559,568,605,642,679,687]
["Total intangible assets",5145,5206,5366,5449,5525,5612,5658,5766,5967,5994,6877,6999,7003,7404,7763,7778,7642,7560,7488,7445,7324,7263,7131,6943,7046,7025,7104,7094,7349,7433,7713,7568,7575,7666]
["Property, plant and equipment",866,941,1072,1237,1344,1543,1708,1767,1862,1893,2089,2324,2358,2480,2563,2634,2669,2655,2670,2585,2381,2333,2154,2054,1978,1832,1778,1816,1823,1937,2076,2226,2247,2382]
["Right-of-use assets",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,4419,4274,4196,4010,3529,3286,3058,3007,2888,2674,2561,2532,2610,2704,2825,2978,3109,3367]
["Deferred tax assets",399,592,610,879,905,873,872,946,924,909,949,884,858,954,1151,1050,1025,969,1033,675,706,914,997,764,734,837,885,891,1030,1174,1426,1261,1273,1299]
["Other financial assets",131,144,143,159,191,217,240,250,272,269,288,289,307,312,319,323,318,313,314,290,279,272,262,244,238,232,229,222,216,221,243,249,240,214]
["Total non-current assets",6541,6883,7191,7724,7965,8245,8478,8729,9025,9065,10203,10496,10526,11150,11796,11785,16073,15771,15700,15006,14218,14067,13603,13012,12883,12600,12556,12555,13029,13469,14283,14282,14444,14929]
["Inventories",1925,2161,2584,2357,2474,2929,3166,2729,2905,3021,3232,2729,2810,3068,3737,3158,3116,2609,2835,2137,2155,2250,2619,1949,2373,2557,3197,2991,3534,4239,5155,4211,4327,4460]
["Trade receivables",1093,1009,1392,1360,1361,1253,1976,1673,1500,1232,2268,1954,1850,1337,1806,1650,1269,1124,1256,1643,1081,602,607,870,602,691,801,1009,790,663,880,1262,840,791]
["Right of return assets",0,0,0,0,0,0,0,236,227,171,171,188,139,124,145,94,72,62,58,73,60,60,56,62,55,52,51,70,52,52,42,54,39,39]
["Derivative financial instruments",291,109,110,65,287,445,374,161,350,310,278,153,213,170,200,162,125,187,313,187,221,194,440,351,133,71,31,69,206,124,174,231,253,117]
["Income tax receivables",259,236,308,113,23,22,27,142,118,159,111,143,193,143,166,86,155,158,117,467,476,141,79,83,109,94,158,68,126,207,80,155,156,182]
["Other receivables",643,772,786,803,689,808,783,754,742,778,817,772,760,777,822,922,781,732,822,1004,780,718,655,745,818,609,554,738,966,744,901,1024,920,738]
["Cash",644,611,548,889,703,540,438,897,646,571,642,993,723,815,858,1387,819,890,866,1054,537,826,874,2912,2239,1604,824,1043,716,1005,260,794,541,855]
["Total current assets",4855,4898,5728,5587,5537,5997,6764,6592,6488,6242,7519,6932,6688,6434,7734,7459,6336,5763,6268,6565,5310,4792,5330,6972,6328,5678,5616,5988,6391,7034,7492,7731,7075,7183]
[]
["Total assets",11396,11781,12919,13311,13502,14242,15242,15321,15513,15307,17722,17428,17214,17584,19530,19244,22408,21533,21968,21571,19529,18859,18932,19984,19211,18277,18173,18542,19419,20503,21776,22013,21519,22112]
[]
["Share capital",128,122,122,122,122,117,117,117,117,113,113,113,113,110,110,110,110,100,100,100,100,100,100,100,100,100,100,100,100,96,96,96,96,89]
["Share premium",1229,1173,1173,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Treasury shares",-2984,-1804,-3209,-4152,-4609,-2486,-3724,-4334,-4441,-1049,-1701,-1999,-2127,-1505,-2440,-3469,-4348,-459,-1364,-1964,-2386,-98,-93,-93,-92,-344,-1186,-3416,-4458,-1690,-2485,-3320,-4489,-2337]
["Reserves",1429,1129,860,1023,1053,1381,1329,1181,1372,954,880,922,891,774,783,967,1008,1090,1299,1167,813,1020,874,750,630,520,368,795,1043,911,1011,918,914,650]
["Dividend proposed",0,0,0,1511,0,0,0,1007,1006,1000,991,987,0,967,0,920,0,874,0,836,0,0,0,0,0,0,0,0,0,0,0,1430,0,0]
["Retained earnings",6631,5477,6519,7635,8736,6401,7806,8823,8956,5224,5613,6491,7536,5914,6814,7891,8699,3923,4203,5110,5105,4452,4800,6632,7303,7854,8040,9523,8841,6301,7058,8044,8734,5843]
["Total equity",6433,6097,5465,6139,5302,5413,5528,6794,7010,6242,5896,6514,6413,6260,5267,6419,5469,5528,4237,5249,3632,5473,5682,7389,7940,8130,7322,7001,5526,5617,5679,7167,5254,4245]
[]
["Provisions",132,134,73,97,98,102,104,101,113,122,134,150,162,192,207,279,269,274,245,278,278,289,289,370,413,421,391,416,425,386,331,363,329,369]
["Loans and borrowings",250,1350,2700,2350,3200,4100,4650,3008,3008,3958,6408,5283,5633,6030,5005,6421,8766,6456,6963,7962,5840,5475,5083,2066,1974,3682,3755,2765,6566,7998,7014,3130,9360,10555]
["Deferred tax liabilities",432,463,436,394,510,533,487,393,400,444,417,501,541,516,532,461,425,420,359,235,155,383,343,368,279,221,195,113,193,145,145,172,234,174]
["Other payables",0,55,57,249,257,271,286,393,404,385,383,481,163,200,211,172,4,4,4,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Total non-current liabilities",814,2002,3266,3090,4065,5006,5527,3895,3925,4909,7342,6415,6499,6938,5955,7333,9465,7154,7571,8476,6272,6147,5714,2804,2666,4324,4341,3295,7184,8529,7490,3665,9923,11098]
["Provisions",675,663,699,971,944,977,939,93,84,67,56,47,21,19,31,28,25,30,37,53,40,38,31,29,30,29,30,26,25,26,26,21,20,19]
["Refund liability",0,0,0,0,0,0,0,1147,1103,845,848,791,676,627,754,869,679,624,622,753,643,629,614,654,587,556,526,724,575,583,502,628,454,478]
["Contract liabilities",0,0,0,0,0,0,0,47,56,59,59,64,57,58,59,66,68,63,60,71,62,63,58,82,89,107,124,163,127,127,129,136,129,126]
["Loans and borrowings",64,291,23,257,52,94,120,3,187,237,42,164,449,509,2926,248,3402,5095,5191,2069,4833,2743,2653,3996,3999,927,887,1161,1308,933,2421,4458,1408,1663]
["Derivative financial instruments",424,285,292,214,151,72,68,256,247,321,260,143,152,233,289,83,152,59,226,115,368,82,193,119,274,219,413,209,162,423,554,74,54,206]
["Trade payables",954,979,1036,1329,1259,1239,1309,1620,1451,1339,1362,1695,1349,1271,1847,2253,1673,1632,2222,3095,2337,2316,2425,3211,2285,2236,2445,3267,2504,2385,2674,3131,2192,2277]
["Income tax payable",1114,838,1178,306,337,480,824,547,642,651,983,572,348,609,976,543,455,451,404,438,437,444,529,382,406,715,875,1003,712,981,1175,1068,864,964]
["Other payables",918,626,960,1005,1392,961,927,919,808,637,874,1023,1250,1060,1426,1402,1022,897,1397,1251,905,924,1032,1317,933,1035,1211,1694,1296,898,1126,1666,1221,1036]
["Total current liabilities",4149,3682,4188,4082,4135,3823,4187,4632,4578,4156,4484,4499,4302,4386,8308,5492,7475,8851,10159,7846,9625,7239,7536,9790,8605,5823,6509,8246,6709,6356,8607,11181,6342,6769]
[]
["Total liabilities",4963,5684,7454,7172,8200,8829,9714,8527,8503,9065,11826,10914,10801,11324,14263,12825,16939,16005,17730,16322,15897,13386,13251,12595,11271,10147,10850,11541,13893,14885,16096,14846,16265,17867]
[]
["Total Equity and Liabilities",11396,11781,12919,13311,13502,14242,15242,15321,15513,15307,17722,17428,17214,17584,19530,19244,22408,21533,21968,21571,19529,18859,18932,19984,19211,18277,18173,18542,19419,20503,21776,22013,21519,22112]
["Consolidated cash flow statement","Q1 2015","Q2 2015","Q3 2015","Q4 2015","Q1 2016","Q2 2016","Q3 2016","Q4 2016","Q1 2017","Q2 2017","Q3 2017","Q4 2017","Q1 2018","Q2 2018","Q3 2018","Q4 2018","Q1 2019","Q2 2019","Q3 2019","Q4 2019","Q1 2020","Q2 2020","Q3 2020","Q4 2020","Q1 2021","Q2 2021","Q3 2021","Q4 2021","Q1 2022","Q2 2022","Q3 2022","Q4 2022","Q1 2023","Q2 2023"]
["DKK million"]
["Operating profit",1238,1235,1339,2002,1645,1488,1719,2552,1716,1450,1800,2818,1441,1266,1196,2528,960,764,-198,2302,204,-198,467,2212,903,1301,957,2678,1310,1249,978,3206,1256,1188]
["Depreciation and amortisation",67,76,115,142,115,121,123,159,163,161,165,232,226,230,249,285,514,526,719,560,530,523,578,684,514,460,437,589,461,488,518,506,497,502]
["Share based payments",15,23,17,20,17,20,19,20,14,20,16,16,29,17,-67,-10,1,7,6,6,18,27,10,15,42,39,43,42,14,22,26,25,24,30]
["Change in inventories",46,-335,-476,334,-165,-379,-238,576,-90,-294,10,519,-95,-39,-522,638,249,450,-85,670,-139,-144,-496,682,-355,-183,-593,332,-354,-594,-699,635,-82,-97]
["Change in receivables",-210,106,-466,10,-151,-140,-644,608,17,259,-954,441,67,565,-577,169,589,117,-312,-460,696,520,26,-373,234,122,-53,-380,46,371,-339,-609,549,228]
["Change in payables and other liabilities",706,-504,127,810,89,-398,39,597,-302,-405,28,513,-520,-288,1189,381,-931,-298,1208,829,-880,68,284,1252,-1441,16,300,1451,-1811,-267,260,1259,-1894,153]
["Other non-cash adjustments",-455,117,11,-105,220,358,-21,-316,166,-131,1,66,117,-219,1,160,-147,165,-18,-20,-252,-21,66,52,3,-29,-65,160,55,-26,10,-57,14,-41]
["Interest etc. received",1,0,1,1,1,1,0,1,1,0,1,1,1,0,1,2,1,1,1,9,1,1,0,0,0,1,1,1,1,1,2,3,5,5]
["Interest etc. paid",-6,-77,0,-21,-8,-9,-13,-13,-10,-10,-13,-11,-13,-11,-23,-11,-51,-44,-40,-43,-47,-51,-68,-81,-61,-47,-38,-322,-100,-98,-79,-189,-116,-133]
["Income taxes paid",-238,-734,-74,-1474,-196,-172,-72,-1022,-276,-257,-65,-1170,-548,-90,-118,-983,-364,-148,-72,-650,-76,356,-90,-382,-155,-94,-105,-478,-733,-219,-135,-704,-396,-207]
["Cash flows from operating activities, net",1164,-93,594,1719,1567,890,912,3162,1399,793,989,3425,705,1431,1329,3159,823,1540,1209,3204,55,1082,776,4062,-316,1586,885,4073,-1111,928,542,4075,-142,1627]
[]
["Acquisitions of subs. and activities, net of cash acquired",-161,-78,-2,-48,-28,-164,-17,-1,-295,-144,-1154,-250,-99,-403,-486,-83,-135,-7,-1,-5,-5,-1,0,-6,-14,0,-52,0,-291,-2,-247,-22,-45,-111]
["Divestment of businesses",29,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Purchase of intangible assets",-54,-82,-165,-101,-73,-106,-39,-126,-68,-76,-144,-139,-90,-109,-96,-85,-79,-56,-89,-47,-34,-28,-30,-38,-50,-76,-80,-83,-65,-75,-109,-104,-114,-56]
["Purchase of property, plant and equipment",-113,-157,-174,-176,-121,-206,-288,-210,-148,-163,-204,-375,-177,-183,-191,-176,-165,-113,-97,-164,-82,-80,-122,-89,-60,-39,-97,-101,-99,-198,-225,-316,-226,-226]
["Change in other non-current assets",-21,-16,-5,-7,-26,-20,-23,-6,-19,-9,-18,-2,-17,-2,-3,-1,36,1,5,24,-1,10,-4,14,6,1,-3,13,6,-3,-19,-20,8,21]
["Proceeds from sale of property, plant and equipment",9,3,14,9,2,10,2,17,9,1,2,0,6,1,-2,5,9,4,3,2,-2,1,3,11,0,3,1,-2,3,1,0,1,0,0]
["Cash flows from investing activities, net",-311,-330,-332,-323,-246,-486,-365,-326,-521,-391,-1518,-766,-377,-696,-778,-340,-335,-172,-179,-192,-124,-98,-153,-109,-117,-111,-231,-172,-447,-277,-599,-462,-377,-371]
[]
["Acquisitions of non-contrilling interests",0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,-254,0,-56,0,0,-42,0,0,0,0,0,0,0,0,0,0,0,0]
["Capital increase including share premium, net ",0,1,-1,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Dividend paid",-1088,0,0,0,-1507,0,0,0,-1007,-1003,-998,-987,-986,0,-957,0,-896,0,-860,0,-826,0,0,0,0,-498,-495,-486,-1514,0,0,0,-1412,0]
["Dividend Paid - withholding tax",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,345,-345,0,0,337,-337]
["Purchase of treasury shares",-569,-983,-1405,-943,-687,-1466,-1238,-609,-323,-446,-652,-300,-233,-1091,-934,-1031,-891,-557,-535,-600,-431,0,0,0,0,-252,-842,-2230,-1239,-719,-796,-774,-1449,-1451]
["Sale of treasury shares",0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,1778,0,-0.25,0,0,0,0,0,0,0,0,0,0]
["Proceeds from loans and borrowings",304,1500,1359,1495,1140,1277,751,609,389,1002,2402,1188,633,457,2421,902,2079,1968,703,875,2876,2981,0,4,0,1859,149,-693,3885,1212,94,-198,6154,1175]
["Repayment of loans and borrowings ",-19,-99,-273,-1612,-438,-386,-164,-2385,-194,-1,-143,-2204,-1,0,-1026,-2164,-851,-2431,0,-2805,-1785,-5315,-319,-1654,-29,-2975,0,1,0,-273,273,-1985,-3160,99]
["Repayment of lease commitments",0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,-262,-273,-311,-291,-253,-92,-234,-261,-226,-243,-241,-280,-274,-245,-266,-283,-251,-264]
["Cash flows from financing activities, net",-1372,419,-320,-1060,-1492,-575,-651,-2385,-1135,-448,609,-2303,-587,-634,-496,-2293,-1075,-1293,-1059,-2822,-419,-689,-554,-1910,-256,-2110,-1430,-3688,1204,-370,-694,-3239,219,-778]
[]
["Net increase/decrease in cash",-519,-4,-58,336,-171,-171,-104,451,-257,-46,80,356,-259,101,55,526,-587,75,-30,191,-488,295,69,2044,-689,-635,-776,213,-355,281,-752,373,-301,478]
[]
["Cash and cash equivalents, beginning of period",1131,644,611,548,889,703,540,438,897,646,571,642,993,723,815,858,1387,819,890,866,1054,537,826,874,2912,2239,1604,824,1043,716,1005,260,595,288]
["Exchange gains/losses on cash",32,-29,-5,5,-15,8,2,8,6,-29,-9,-5,-11,-9,-12,3,19,-4,7,-3,-29,-5,-21,-6,15,0,-4,7,28,8,7,-39,-7,-17]
["Net increase/decrease in cash",-519,-4,-58,336,-171,-171,-104,451,-257,-46,80,356,-259,101,55,526,-587,75,-30,191,-488,295,69,2044,-689,-635,-776,213,-355,281,-752,373,-301,478]
["Cash and cash equivalents, end of period",644,611,548,889,703,540,438,897,646,571,642,993,723,815,858,1387,819,890,866,1054,537,826,874,2912,2239,1604,824,1043,716,1005,260,595,288,749]
[]
["Cash balances",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"X115","v":874},{"$f":"Y115","v":2912},2239,1604,824,1043,716,1005,260,794,541,855]
["Overdrafts",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-3.4427239999999998E-16,-3.4427239999999998E-16,-3.4427239999999998E-16,-3.4427239999999998E-16,-3.4427239999999998E-16,-3.4427239999999998E-16,-3.4427239999999998E-16,-3.4427239999999998E-16,-3.4427239999999998E-16,-199,-253,-106]
["Cash and cash equivalents, end of period",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"X115","v":874},{"$f":"Y115","v":2912},2239,1604,824,1043,716,1005,260,595,288,749]
[]
["Cash flows from operating activities, net",1164,-93,594,1719,1567,890,912,3162,1399,793,989,3425,705,1431,1329,3159,823,1540,1209,3204,55,1082,776,4062,-316,1586,885,4073,-1111,928,542,4075,-142,1627]
["- Interests etc. received",-1,0,-1,-1,-1,-1,0,-1,-1,0,-1,-1,-1,0,-1,-2,-1,-1,-1,-9,-1,-1,0,0,0,-1,-1,-1,-1,-1,-2,-3,-5,-5]
["- Interests etc. paid",6,77,0,21,8,9,13,13,10,10,13,11,13,11,23,11,51,44,40,43,47,51,68,81,61,47,38,322,100,98,79,189,116,133]
["Cash flows from investing activities, net",-311,-330,-332,-323,-246,-486,-365,-326,-521,-391,-1518,-766,-377,-696,-778,-340,-335,-172,-179,-192,-124,-98,-153,-109,-117,-111,-231,-172,-447,-277,-599,-462,-377,-371]
["- Acquisition of subs. and activities, net of cash acquired",161,78,2,48,28,164,17,1,295,144,1154,250,99,403,486,83,135,7,1,5,5,1,0,6,14,0,52,0,291,2,247,22,45,111]
["- Divestment of businesses",-29,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Repayment of lease commitments",0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,-262,-273,-311,-291,-253,-92,-234,-261,-226,-243,-241,-280,-274,-245,-266,-283,-251,-264]
["Free cash flow, including lease payments",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1145,758,2760,-272,943,457,3780,-586,1278,502,3941,-1442,506,0,3538,-614,1230]
[]
["Unutilised committed credit facilities ",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1920,4095,3495,2345,4170,7250,7500,6998,6998,5205,5056,6023,2269,1674,2752,6693,4239,3346]
["Unutilised credit facilities",3579,3937,2773,3089,2419,3032,2464,5120,5095,4056,1825,3085,2512,2148,3138,1833,2753,5058,4363,3061,4804,8262,8521,7996,8168,6234,5939,7094,4481,4415,4995,8996,6954,5770]

{"sheet":"Equity_appendix","index":6,"n_rows":29,"n_cols":35,"rows_kept":29,"cut":false,"hidden":false,"merged":[]}
["Equity development","Q1 2015","Q2 2015","Q3 2015","Q4 2015","Q1 2016","Q2 2016","Q3 2016","Q4 2016","Q1 2017","Q2 2017","Q3 2017","Q4 2017","Q1 2018","Q2 2018","Q3 2018","Q4 2018","Q1 2019","Q2 2019","Q3 2019","Q4 2019","Q1 2020","Q2 2020","Q3 2020","Q4 2020","Q1 2021","Q2 2021","Q3 2021","Q4 2021","Q1 2022","Q2 2022","Q3 2022","Q4 2022","Q1 2023","Q2 2023"]
["DKK million"]
["Equity at 1 January",7032,7032,7032,7032,6139,6139,6139,6139,6794,6794,6794,6794,6514,6514,6514,6514,6419,6419,6419,6419,5249,5249,5249,5249,7389,7389,7389,7389,7001,7001,7001,7001,7167,7167]
["Net profit for the period",383,1293,2299,3674,1306,2527,3932,6025,1361,2456,3822,5768,1159,2203,3154,5045,797,1323,1204,2945,-24,-199,144,1938,628,1621,2256,4160,995,1929,2663,5029,889,1667]
["Exchange rate adjustments of investments in subsidiaries",653,392,134,249,-189,-46,-46,121,2,-291,-388,-343,-67,-88,-59,1,126,82,322,226,-217,-218,-481,-609,178,96,134,370,108,236,374,-196,-41,-66]
["Fair value adjustment of hedging instruments",45,-2,-13,23,282,519,452,47,199,84,113,109,46,-77,-103,56,-109,52,13,1,-179,84,213,206,-384,-423,-666,-417,180,-157,-210,297,32,-249]
["Actuarial gain/loss ",0,0,0,0,0,0,0,0,0,0,0,-2,0,0,0,12,0,0,0,0,0,0,0,6,0,0,0,10,0,0,0,0,0,-21]
["Tax on other comprehensive income",2,10,10,22,-63,-115,-100,-10,-10,-20,-26,-25,-10,17,23,-12,24,-11,-3,-27,43,-14,-24,-13,77,88,141,83,-40,37,52,23,5,48]
["Other comprehensive income, net of tax",700,400,131,294,30,358,306,158,191,-227,-301,-261,-31,-148,-139,57,41,123,332,200,-353,-148,-292,-410,-129,-239,-391,46,249,117,216,135,-4,-288]
["Total comprehensive income for the period",1083,1693,2430,3968,1336,2885,4238,6183,1552,2229,3521,5507,1128,2055,3015,5102,838,1446,1536,3145,-377,-347,-148,1528,499,1382,1865,4206,1243,2046,2880,5164,885,1379]
["Fair value adjustments of obligation to acquire non-controlling interests",0,0,0,0,0,0,-14,-123,-6,-13,-20,-126,-31,-31,-20,77,18,18,17,19,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Share-based payments",-25,12,48,127,21,49,63,102,2,13,32,55,21,33,-39,-42,-18,-9,6,5,16,47,59,90,52,110,155,210,34,41,65,104,60,91]
["Purchase of treasury shares",-569,-1552,-2957,-3900,-687,-2153,-3391,-4000,-325,-771,-1423,-1721,-233,-1325,-2260,-3289,-891,-1448,-1983,-2583,-431,-431,-431,-431,0,-252,-1094,-3325,-1239,-1958,-2753,-3588,-1446,-2980]
["Sale of treasury shares",0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,1778,1778,1779,0,0,0,0,0,0,0,0,0,0]
["Reduction of share capital",0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Dividend paid",-1088,-1088,-1088,-1088,-1507,-1507,-1507,-1507,-1007,-2010,-3008,-3995,-986,-986,-1943,-1943,-896,-896,-1756,-1756,-825,-825,-825,-825,0,-498,-993,-1479,-1514,-1514,-1514,-1514,-1412,-1412]
["Dividend proposed",0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Equity at end of period",6433,6097,5465,6139,5302,5413,5528,6794,7010,6242,5896,6514,6413,6260,5267,6419,5469,5528,4237,5249,3632,5473,5682,7389,7940,8130,7322,7001,5526,5617,5679,7167,5254,4245]
[]
["Equity development","Q1 2015","Q2 2015","Q3 2015","Q4 2015","Q1 2016","Q2 2016","Q3 2016","Q4 2016","Q1 2017","Q2 2017","Q3 2017","Q4 2017","Q1 2018","Q2 2018","Q3 2018","Q4 2018","Q1 2019","Q2 2019","Q3 2019","Q4 2019","Q1 2020","Q2 2020","Q3 2020","Q4 2020","Q1 2021","Q2 2021","Q3 2021","Q4 2021","Q1 2022","Q2 2022","Q3 2022","Q4 2022","Q1 2023","Q2 2023"]
["DKK million"]
["Share capital",128,122,122,122,122,117,117,117,117,113,113,113,113,110,110,110,110,100,100,100,100,100,100,100,100,100,100,100,100,96,96,96,96,89]
["Share premium",1229,1173,1173,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Treasury shares",-2984,-1804,-3209,-4152,-4609,-2486,-3724,-4334,-4441,-1049,-1701,-1999,-2127,-1505,-2440,-3469,-4348,-459,-1364,-1964,-2386,-98,-93,-93,-92,-344,-1186,-3416,-4458,-1690,-2485,-3320,-4489,-2337]
["Translation reserve",1538,1277,1019,1134,945,1088,1088,1255,1257,964,867,912,845,824,853,913,1039,996,1235,1112,899,899,654,535,713,635,673,905,1013,1144,1285,797,768,724]
["Hedging reserve",-109,-148,-159,-111,108,293,241,-74,115,-10,13,10,46,-50,-70,54,-31,94,64,54,-86,120,220,215,-84,-115,-305,-110,30,-233,-274,121,146,-74]
["Dividend proposed",0,0,0,1511,0,0,0,1007,1006,1000,991,987,0,967,0,920,0,874,0,836,0,0,0,0,0,0,0,1516,0,0,0,1430,0,0]
["Retatined earnings",6631,5477,6519,7635,8736,6401,7806,8823,8956,5224,5613,6491,7536,5914,6814,7891,8699,3923,4203,5110,5105,4452,4800,6632,7303,7854,8040,8007,8841,6301,7058,8044,8734,5843]
["Total equity",6433,6097,5465,6139,5302,5413,5528,6794,7010,6242,5896,6514,6413,6260,5267,6419,5469,5528,4237,5249,3632,5473,5682,7389,7940,8130,7322,7001,5526,5617,5679,7167,5254,4245]

{"sheet":"Working capital_appendix","index":7,"n_rows":16,"n_cols":35,"rows_kept":16,"cut":false,"hidden":false,"merged":[]}
["Net working capital","Q1 2015","Q2 2015","Q3 2015","Q4 2015","Q1 2016","Q2 2016","Q3 2016","Q4 2016","Q1 2017","Q2 2017","Q3 2017","Q4 2017","Q1 2018","Q2 2018","Q3 2018","Q4 2018","Q1 2019","Q2 2019","Q3 2019","Q4 2019","Q1 2020","Q2 2020","Q3 2020","Q4 2020","Q1 2021","Q2 2021","Q3 2021","Q4 2021","Q1 2022","Q2 2022","Q3 2022","Q4 2022","Q1 2023","Q2 2023"]
["DKK million"]
["Inventories",1925,2161,2584,2357,2474,2929,3166,2729,2905,3021,3232,2729,2810,3068,3737,3158,3116,2609,2835,2137,2155,2250,2619,1949,2373,2557,3197,2991,3534,4239,5155,4211,4327,4460]
["Trade receivables",1093,1009,1392,1360,1361,1253,1976,1673,1500,1232,2268,1954,1850,1337,1806,1650,1269,1124,1256,1643,1081,602,607,870,602,691,801,1009,790,663,880,1262,840,791]
["Trade payables",-954,-979,-1036,-1329,-1259,-1239,-1309,-1620,-1451,-1339,-1362,-1695,-1349,-1271,-1847,-2253,-1673,-1632,-2222,-3095,-2337,-2316,-2425,-3211,-2285,-2236,-2445,-3267,-2504,-2385,-2674,-3131,-2192,-2277]
["Operating working capital",2064,2191,2940,2388,2576,2943,3833,2782,2954,2914,4138,2988,3311,3134,3696,2555,2712,2101,1869,684,899,535,801,-391,689,1012,1553,732,1820,2517,3360,2342,2975,2974]
["Other net working capital elements",-1020,-599,-961,-1295,-1588,-902,-924,-1356,-1065,-718,-881,-980,-1136,-538,-1040,-1020,-843,-703,-1155,-978,-889,-821,-796,-1055,-765,-1069,-1503,-1913,-950,-1066,-1111,-1239,-643,-709]
["Total",1044,1592,1979,1093,988,2041,2909,1426,1889,2195,3257,2008,2175,2597,2656,1536,1870,1398,714,-293,10,-286,5,-1447,-76,-57,50,-1181,871,1451,2249,1104,2332,2265]
[]
["Net working capital as share of revenue",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"","","",null,null,null,"","","","","",""]
["Inventories",0.14899999999999999,0.155,0.17199999999999999,0.14099999999999999,0.13800000000000001,0.157,0.16400000000000001,0.13500000000000001,0.14000000000000001,0.14299999999999999,0.14799999999999999,0.12,0.124,0.13500000000000001,0.16600000000000001,0.13800000000000001,0.13900000000000001,0.11700000000000001,0.13,9.8000000000000004E-2,0.10100000000000001,0.11600000000000001,0.13700000000000001,0.10299999999999999,0.122700805137133,0.11799999999999999,0.14399999999999999,0.128,0.14399999999999999,0.16900000000000001,0.20100000000000001,0.159,0.16300000000000001,0.16600000000000001]
["Trade receivables",8.5000000000000006E-2,7.1999999999999995E-2,9.2999999999999999E-2,8.1000000000000003E-2,7.5999999999999998E-2,6.7000000000000004E-2,0.10199999999999999,8.2000000000000003E-2,7.1999999999999995E-2,5.8000000000000003E-2,0.104,8.5999999999999993E-2,8.1000000000000003E-2,5.8999999999999997E-2,0.08,7.1999999999999995E-2,5.6000000000000001E-2,0.05,5.8000000000000003E-2,7.4999999999999997E-2,5.0999999999999997E-2,3.1399999999999997E-2,3.2000000000000001E-2,4.5999999999999999E-2,3.1125777907480501E-2,3.2000000000000001E-2,3.5999999999999997E-2,4.2999999999999997E-2,3.2000000000000001E-2,2.5999999999999999E-2,3.4000000000000002E-2,4.8000000000000001E-2,3.2000000000000001E-2,2.9000000000000001E-2]
["Trade payables",-7.3999999999999996E-2,-7.0000000000000007E-2,-6.9000000000000006E-2,-7.9000000000000001E-2,-7.0000000000000007E-2,-6.6000000000000003E-2,-6.8000000000000005E-2,-0.08,-7.0000000000000007E-2,-6.3E-2,-6.3E-2,-7.3999999999999996E-2,-5.8999999999999997E-2,-5.6000000000000001E-2,-8.2000000000000003E-2,-9.9000000000000005E-2,-7.3999999999999996E-2,-7.2999999999999995E-2,-0.10199999999999999,-0.14199999999999999,-0.11,-0.11899999999999999,-0.127,-0.16900000000000001,-0.11817171446479,-0.10299999999999999,-0.11,-0.14000000000000001,-0.10199999999999999,-9.5000000000000001E-2,-0.104,-0.11799999999999999,-8.2000000000000003E-2,-8.5000000000000006E-2]
["Operating working capital",0.16,0.157,0.19600000000000001,0.14299999999999999,0.14399999999999999,0.158,0.19800000000000001,0.13700000000000001,0.14299999999999999,0.13700000000000001,0.19,0.13100000000000001,0.14599999999999999,0.13800000000000001,0.16400000000000001,0.112,0.121,9.4E-2,8.5999999999999993E-2,3.1E-2,4.2000000000000003E-2,2.8000000000000001E-2,4.2000000000000003E-2,-2.0588923852451479E-2,3.5654868579822301E-2,4.7E-2,7.0000000000000007E-2,3.1E-2,7.3999999999999996E-2,0.1,0.13100000000000001,8.8999999999999996E-2,0.112,0.111]
["Other net working capital elements",-7.949181086988176E-2,-4.3448312436360437E-2,-6.4145351467283535E-2,-7.7408760707238775E-2,-8.8962106008943387E-2,-4.8560122142853018E-2,-4.7851280990178623E-2,-6.6894778501858335E-2,-5.1431304310663138E-2,-3.3890687945467499E-2,-4.0465061224985277E-2,-4.3031501087528554E-2,-4.9950877759116115E-2,-2.3647914216522674E-2,-4.6201819440144287E-2,-4.4735006878464365E-2,-3.6999999999999998E-2,-3.1E-2,-5.2999999999999999E-2,-4.4999999999999998E-2,-4.2000000000000003E-2,-4.2000000000000003E-2,-4.2000000000000003E-2,-5.6000000000000001E-2,-3.9563503463756602E-2,-4.9000000000000002E-2,-6.7000000000000004E-2,-8.2000000000000003E-2,-3.9E-2,-4.2000000000000003E-2,-4.2999999999999997E-2,-4.7E-2,-2.4E-2,-2.5999999999999999E-2]
["Total",8.0918086517365498E-2,0.11409196601122648,0.13178211938149859,6.5285721493744245E-2,5.50828127682359E-2,0.1093937468620205,0.15026744975797654,7.0331847066809353E-2,9.1256796103388105E-2,0.10356931747881092,0.14954595940712906,8.8151520310793596E-2,9.5678629375121865E-2,0.11424661452609133,0.11792179718641753,6.7339335303869763E-2,8.3000000000000004E-2,6.2E-2,3.3000000000000002E-2,-1.2999999999999999E-2,0,-1.4999999999999999E-2,0,-7.5999999999999998E-2,-3.9086348839349402E-3,-3.0000000000000001E-3,2E-3,-0.05,3.5000000000000003E-2,5.8000000000000003E-2,8.7999999999999995E-2,4.2000000000000003E-2,8.7999999999999995E-2,8.4000000000000005E-2]

{"sheet":"Commodity prices_appendix","index":8,"n_rows":4,"n_cols":35,"rows_kept":4,"cut":false,"hidden":false,"merged":[]}
["Realised commodity prices ","Q1 2015","Q2 2015","Q3 2015","Q4 2015","Q1 2016","Q2 2016","Q3 2016","Q4 2016","Q1 2017","Q2 2017","Q3 2017","Q4 2017","Q1 2018","Q2 2018","Q3 2018","Q4 2018","Q1 2019","Q2 2019","Q3 2019","Q4 2019","Q1 2020","Q2 2020","Q3 2020","Q4 2020","Q1 2021","Q2 2021","Q3 2021","Q4 2021","Q1 2022","Q2 2022","Q3 2022","Q4 2022","Q1 2023","Q2 2023"]
["USD / OZ"]
["Gold price",1290,1215,1226,1171,1177,1228,1145,1120,1217,1291,1308,1235,1249,1278,1315,1272,1338,1256,1231,1387,1543,1428,1602,1744,1673,1835,1849,1798,1820,1832,1798,1782,1795,1891]
["Silver price",18.850000000000001,18.07,17.600000000000001,16.41,15.61,15.81,15.55,15.95,16.57,17.89,18.52,17.03,17.899999999999999,17.16,16.25,15.87,16.7,16.59,15.26,15.56,16.41,15.34,18.649999999999999,17.22,22.22,22.55,25.06,25.02,26.04,24.45,23.8,22.14,23,21.73]

{"sheet":"Acquisitions_appendix","index":9,"n_rows":37,"n_cols":35,"rows_kept":37,"cut":false,"hidden":false,"merged":[]}
["Acquisitions (YTD)","Q1 2015","Q2 2015","Q3 2015","Q4 2015","Q1 2016","Q2 2016","Q3 2016","Q4 2016","Q1 2017","Q2 2017","Q3 2017","Q4 2017","Q1 2018","Q2 2018","Q3 2018","Q4 2018","Q1 2019","Q2 2019","Q3 2019","Q4 2019","Q1 2020","Q2 2020","Q3 2020","Q4 2020","Q1 2021","Q2 2021","Q3 2021","Q4 2021","Q1 2022","Q2 2022","Q3 2022","Q4 2022","Q1 2023","Q2 2023"]
["DKK million"]
["Distribution rights",0,0,0,0,0,0,0,0,0,0,131,131,0,0,0,0,0,0,0,0,0,0,0,0,0,13,13,13,0,0,0,0,0,0]
["Other intangible assets",35,35,69,69,0,0,0,0,12,14,17,17,2,8,21,26,0,0,0,1,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Property, plant and equipment",11,11,18,23,6,5,6,6,32,44,137,152,10,55,104,109,11,13,13,13,0,0,2,4,41,41,84,84,90,90,159,159,60,113]
["Other non-current receivables",3,6,6,12,9,9,9,9,0,0,5,6,0,0,2,2,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Receivables and other receivables",34,40,39,30,2,2,4,4,1,1,107,111,1,16,19,38,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,1]
["Inventories",69,76,139,141,56,56,61,61,84,123,427,470,38,160,296,302,61,63,63,70,0,0,0,4,0,0,34,34,78,80,195,195,19,75]
["Cash",21,21,21,21,0,1,1,1,0,0,10,10,0,4,4,4,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Assets acquired",173,189,292,296,73,73,81,81,129,182,834,897,51,243,446,481,72,76,76,84,0,0,2,8,41,54,131,131,168,170,354,354,79,189]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"","","","","",""]
["Non-current liabilities",2,4,0,5,0,2,2,2,4,6,13,17,2,9,17,23,0,0,0,0,0,0,2,2,22,22,50,50,43,43,78,78,43,71]
["Payables",32,37,37,40,8,6,6,6,4,5,95,94,1,34,35,31,0,0,0,0,0,0,0,0,2,2,0,0,2,2,3,3,1,1]
["Other current liabilities",8,12,13,7,0,0,0,0,4,5,29,35,2,14,20,58,1,1,2,2,0,0,1,1,17,17,27,27,27,27,61,61,10,36]
["Liabilities assumed",42,53,50,52,8,8,8,8,12,16,137,146,5,57,72,112,1,1,2,2,0,0,2,3,40,40,77,77,71,72,141,141,54,109]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"","","","","",""]
["Total identifiable net assets acquired",131,136,242,244,65,65,73,73,117,166,697,751,46,186,374,369,71,76,74,82,0,0,0,5,1,14,54,54,97,98,213,213,25,81]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"","","","",null,null,null,"","","",""]
["Goodwill arising on the acquisitions",109,182,279,281,101,102,115,115,179,295,1004,1109,64,384,711,739,57,59,59,59,0,0,0,2,13,0,12,12,194,195,364,364,14,85]
["Purchase consideration",240,318,521,525,166,167,188,188,296,461,1701,1860,110,570,1085,1108,128,134,134,140,0,0,0,7,14,14,66,66,291,294,577,577,40,166]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"","","","",null,null,null,"","","","","",""]
["Cash movements on acquisitions:",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"","","","",null,null,null,"","","","","",""]
["Prepaid, previous year",0,0,0,0,-7,-7,-7,-7,-1,-1,-1,-1,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Consideration transferred regarding previous years",0,0,0,0,28,28,29,29,0,0,0,0,2,2,2,2,12,12,10,12,5,5,5,5,0,0,0,0,0,0,0,0,6,6]
["Deferred payment (including earn-out)",-58,-58,-259,-222,-159,-10,0,0,0,-21,-100,-6,-13,-70,-95,-35,261.10152375623397,262.827952382006,320.33726247070098,318.86482262296499,4.7609975614920002,47.4868684950752,47.489295257439203,47.483886059301696,-2.70753446329763E-14,0,0,0,-3.4565524550000001E-15,-3.4565524550000001E-15,-3.4565524550000001E-15,-3.4565524550000001E-15,-3.4565524550000001E-15,-3.4565524550000001E-15]
["Deferred payment (including earn-out), manual",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-266.34100000000001,-267.77800000000002,-321.05200000000002,-323.537822622965,0,-42.725999999999999,-47.488999999999997,-47.488999999999997,0,0,0,0,0,0,0,0,0,0]
["Deferred payment (incl. earn-out)",-58,-58,-259,-222,-159,-10,0,0,0,-21,-100,-6,-13,-70,-95,-35,-5,-5,-1,-5,0,0,0,0,0,0,0,0,0,-1,-37,-14,0,-15]
["Cash acquired",-21,-21,-21,-21,0,-1,-1,-1,0,0,-10,-10,0,-4,-4,-4,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Net cash flows on acquisition for the period",161,239,241,282,28,177,209,209,295,439,1590,1843,99,498,988,1071,135,142,143,148,5,5,6,12,14,14,66,66,291,293,540,562,45,156]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"","","","",null,null,null,"","","","","",""]
["Prepayments, acquisitions",0,0,0,7,0,15,0,1,0,0,3,0,0,4,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Net cash flows on acquisitions",161,239,241,289,28,192,209,210,295,439,1593,1843,99,502,988,1071,135,142,143,148,5,5,6,12,14,14,66,66,291,293,540,562,45,156]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"","","","",null,null,null,"","","","","",""]
["Cash flows from divestment of businesses",-29,-29,-29,-29,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Net cash flows from business acquisitions",132,210,212,260,28,192,209,210,295,439,1593,1843,99,502,988,1071,135,142,143,148,5,5,6,12,14,14,66,66,291,293,540,562,45,156]
[]
["Figures are disclosed year-to-date."]