Take a fresh look at your lifestyle.

Pepco Group core earnings up 46% on new store openings

Investing.com - Financial Markets Worldwide

Please try another search

Stock Markets38 minutes ago (Dec 14, 2021 01:21AM ET)

Pepco Group core earnings up 46% on new store openings © Reuters. FILE PHOTO: A sign is seen in a Poundland store in London, Britain November 10, 2015. REUTERS/Stefan Wermuth/File Photo

LONDON (Reuters) – Pepco Group, owner of the PEPCO, Poundland and Dealz discount retailer brands in Europe, on Tuesday reported a 46% rise in full year core profit, reflecting new store openings.

The group said it made underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of 647 million euros ($730 million) in the year to Sept. 30 – in line with guidance of 640-655 million euros.

Pepco, which listed on the Warsaw stock market in May with a valuation of 5 billion euros, increased revenue 19.4% to 4.12 billion euros.

New store openings were 483, taking the total to 3,504. The group said it has a strong new store pipeline for 2021-22 and beyond.

($1 = 0.8868 euros)

Related Articles

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More