Pepco Expects FY25 Revenues To Exceed EUR 4.5 Billion

Reuters

Sep 25

Sept 25 (Reuters) - Pepco Group NV ::
*ANNOUNCES PRE-CLOSE TRADING UPDATE FOR FY25
*REVENUES EXPECTED TO EXCEED €4.5 BILLION
*UNDERLYING EBITDA (IFRS 16) Y-O-Y GROWTH TOWARDS THE TOP-END OF THE HIGH SINGLE DIGIT RANGE
*STRONG FY25 UNDERLYING NET EARNINGS DELIVERY EXPECTED; WITH 9M FY25 UNDERLYING NET EARNINGS OF €196M ALREADY AT THE FULL YEAR FY24 LEVEL
*CONTINUE TO SEE ENCOURAGING MOMENTUM IN PEPCO LFL REVENUES, WITH 51-WEEK PERFORMANCE UP +2.7%, LED BY A STRONG FOURTH QUARTER-TO-DATE WHERE LFL REVENUES GREW +3.9%
*POLAND – ROBUST PERFORMANCE DELIVERING POSITIVE LFL GROWTH OF +2.6% IN H2 FY25 TO DATE
*FULL YEAR RESULTS FOR THE GROUP (EXCLUDING POUNDLAND) IN LINE WITH PRIOR GUIDANCE
*WESTERN EUROPE – LFL REVENUE GROWTH OF +3.2% IN H2 FY25 TO DATE; EXCLUDING FMCG, LFL UP +15.6%
*EXPECTS TO OPEN 84 NET NEW STORES DURING THE FOURTH QUARTER, PLANS TO FINISH THE YEAR WITH 248 NET NEW STORES OVERALL, IN LINE WITH PRIOR GUIDANCE
*IT WILL COMMENCE A SECOND €50M TRANCHE OF THE SHARE BUYBACK PROGRAMME IN OCTOBER 2025
*ALL PEPCO PLUS STORES IN IBERIA NOW CONVERTED TO STANDARD STORE FORMAT

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 25-SEP-202504:52:48.437 GMT

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