COPENHAGEN, Feb 5 (Reuters) - Danish jewellery maker Pandora (PNDORA.CO) , opens new tab said on Wednesday that organic growth this year would be lower than last, as it expects sluggish demand in Europe and slowing growth in Germany after a strong run. Pandora, known for its charm bracelets, reported operating profit in line with expectations for the key holiday shopping quarter, with CEO Alexander Lacik saying demand in the U.S., its biggest market, was stronger than in Europe. The world's biggest jewellery company by volume said it sees 7-8% organic growth in 2025. Organic growth for 2024 was 13%, better than the company's guidance of 11-12%. Fourth-quarter operating profit rose to 4.15 billion crowns from a year-earlier 3.67 billion, against a mean forecast of 4.10 billion in an analyst poll provided by Pandora. Pandora, whose shares recently hit a record high, also launched a new share buy-back programme for up to 4 billion Danish crowns. Sign up here. https://www.reuters.com/business/retail-consumer/pandora-fourth-quarter-profit-meets-expectations-2025-02-05/