Pepco retailer expects over EUR 4.5 bln in revenue and solid net profit in 2025 FY

In 2024, Pepco Group posted revenues of EUR 4.2 billion.

"High single-digit year-on-year growth in underlying EBITDA (IFRS 16). Solid net profit expected in the 2025 financial year," Pepco listed in the press release.

Pepco's net profit for the first nine months of the 2025 financial year amounted to EUR 196 million and has already reached the level for the entire 2024 financial year (EUR 199 million).

"A positive trend is observed in Pepco's like-for-like (LFL) revenue, with growth of 2.7 percent after the first 51 weeks of the financial year, supported by strong fourth quarter performance, with LFL growth of 3.9 percent," Pepco said in the press release.

Commenting on the results, CEO of Pepco Group Stephen Borchert said that the last 12 months had been a breakthrough for the company.

"The last twelve months have been a transformational year for the business, as we reset our strategy and set about delivering, at pace. I’m delighted with the progress we have made, achieving key milestones this year in line with the strategy we outlined at our Capital Markets Day in March 2025. We divested Poundland and removed FMCG from the Pepco brand, enabling us to better drive growth and take tactical decisions to maximise value creation for shareholders," the CEO said.

"Our results demonstrate these were the right actions to deliver future profitable growth for Pepco. We expect to report strong FY25 revenue and underlying EBITDA, driven by significant improvements in gross margin year-on-year," he added.

pr/ ao/