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Pepco Group NVPepco retailer to commence second EUR 50 mln tranche of share buyback programme in October
Listed retailer Pepco will commence a second EUR 50 million tranche of the share buyback programme in October 2025, the group said in a press release. This follows on from the completion of the first EUR 50 million tranche in August 2025.
These tranches are part of the overall EUR 200 million share buyback capability authorised for use during financial years 2025-27 that was announced at the group’s Capital Markets Day.
According to Pepco, priorities include a sharp focus on optimising free cash flow and thoughtful allocation of capital over time, including returns to shareholders to enhance value creation for the group’s stock.
"Today’s announcement underscores the board’s conviction that the group’s current share price materially undervalues the group’s future prospects and its intrinsic earnings potential," the group said in the press release.
Further details on the second tranche will be published on commencement of the share buyback in October 2025.
As of June 30, 2025, Pepco Group had leverage (pre-IFRS 16) of 0.5x, reflecting total cash of EUR 355 million and total debt of EUR 616 million. Total available liquidity as of June 30 2025, exceeds EUR 700 million.
"The group continues to target a net leverage (pre-IFRS 16) ratio of between 0.5x to 1.5x, ensuring financial flexibility while maintaining a strong balance sheet," Pepco said.
Pepco Group called EUR 175 million of its EUR 375 million 7.25 percent July 2028 senior secured notes to be settled in early October, as part of a review of external funding to extend the group’s debt maturity profile and optimise debt pricing.
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