Great morning, absolutely everyone, and welcome on the convention call for PANDORA’s success for Q1 2018, which we introduced this early morning. I’m Magnus Jensen from PANDORA’s Investor Relations group. And with me, I have our CEO, Anders Colding Friis; and CFO, Peter Vekslund.
I’ll now hand over to Anders who’ll give you an outline of our strategic development and also the general performance with the quarter, in advance of Peter goes into much more particulars about the numbers. Finally, Anders will conclude the presentation, after which we’ll be satisfied to consider your thoughts. Prior to handing around to Anders, I’d like you - to position your notice on the disclaimer on Web site 2..
Whether you happen to be gifting for the spouse or celebrating Galentine's Day which has a ally, PANDORA Jewelry's Valentine's Day assortment is full of superior high-quality and stylish new parts that may demonstrate her just how much she's loved. You can find a spread of possibilities from spectacular bracelets to rings, earrings, necklaces and also limited-edition present sets, together with Pandora dropped a lot more than a quarter of its market worth in 2017 as its U.S. organization was pummelled by a weak retail atmosphere. Hedge money started off recognizing chances to create money shorting the inventory, and Pandora turned a concentrate on for speculators anticipating it to continue declining.
Through the signing up for of hearts to your locking of the assure solidified in sterling silver, the 2018 Valentine's Working day collection is impressed by symbols of affection," reported Beth Moeri, chief merchandising officer, PANDORA, Americas. "With new placing types that brilliantly seize the enjoyment and joy of staying in like, our newest assortment gives an ideal pieces to mark this momentous occasion."