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Pepco Group NVUPDATE: Pepco Group maintains high single-digit year-on-year underlying EBITDA growth for its brand in 2025
Listed retailer Pepco Group maintains that in 2025, the Pepco brand will achieve year-on-year growth in underlying EBITDA (IFRS 16) at a high single-digit level, the company said in a market filing. In the case of Dealz, an assumed approximately EUR 30 million EBITDA (IFRS 16), while at Poundland it is between approximately EUR 0 and EUR 20 million.
"The differentiated performance of the Pepco and Dealz businesses - which are growing rapidly in line with targets - versus the ongoing challenges at Poundland, reflect the group's projections for the 2025 financial year," the filing stated.
"In the case of Poundland, this area of the business has continued to face further commercial challenges since CMD, resulting in a revised forecast for the current financial year. We now expect EBITDA (IFRS 16) for the 2025 financial year to be in the range of approximately EUR 0 to approximately EUR 20 million, compared to previous forecasts of EUR 50-70 million," it added.
The group said that the lowering of the forecast is related to very difficult trading conditions, which were further impacted by problems with stock outs and product availability.
In the first half, the group's underlying EBITDA (at IFRS 16) was EUR 460 million, down 5.5 percent year on year.
The group's target for 2025 is to open around 250 new shops in the group, with the new shop openings focusing on the Pepco brand, primarily in the CEE region.
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