Dealz owner Pepco sees annual profit at upper end of expectations

Group also owns Pepco brand in Europe and British discount retailer Poundland

Pepco listed on the Warsaw stock market in May with a €5 billion valuation

Thu Oct 14 2021 - 07:29

Dealz owner Pepco Group forecast full-year core profit at the upper end of market expectations after revenue rose 19.4 per cent.

The group, which listed on the Warsaw stock market in May with a €5 billion valuation, also owns the Pepco brand in Europe and British discount retailer Poundland.

It said year-to-September revenue was €4.1 billion, with like-for-like sales up 6.5 per cent.

Pepco forecast full-year underlying earnings in a range of €640 million to €655 million, representing a 45 per cent growth at the mid-point on the Covid-hit prior year. – Reuters