Merchant services and banking review

Panduro is a market leader in hobby materials in Europe, with 103 stores distributed throughout six countries. The comapany employs around 650 people and has sales of SEK 845 million. Panduro is owned by Thomas Panduro, Jesper Panduro and Peter Panduro.

We employed Bankbrokers to deliver a holistic approach regarding our financial suppliers, such as banking, card payments and terminal suppliers, in all of our operative countries. Thanks to the thorough and holistic analyses that Bankbrokers compiled at an early stage in the project, we gained a clear view of potential discussion points for each supplier and product sector. Besides checking the terms and conditions they also provided suggestions for structural changes and the economic and practical benefits these would provide for Panduro. It has been extremely valuable for us to place our trust in Bankbrokers’ competence and experience in this extensive process, since they have a far better insight of the market than our company is able to have. On our part this led to significant cost reductions, which is why it is highly likely we will employ Bank Brokers again in the future.

Stefan Rydén, CFO