LONDON (Reuters) – Pepco Group, owner of the PEPCO, Poundland and Dealz discount retailer brands in Europe, on Tuesday reported a 46% rise in full year core profit, reflecting new store openings.
The group said it made underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of 647 million euros ($730 million) in the year to Sept. 30 – in line with guidance of 640-655 million euros.
Pepco, which listed on the Warsaw stock market in May with a valuation of 5 billion euros, increased revenue 19.4% to 4.12 billion euros.
New store openings were 483, taking the total to 3,504. The group said it has a strong new store pipeline for 2021-22 and beyond.
($1 = 0.8868 euros)
(Reporting by James Davey; Editing by Shri Navaratnam)
