Pepco Expects FY25 Revenues To Exceed EUR 4.5 Billion
Pepco Group NV 
PCO:
ANNOUNCES PRE-CLOSE TRADING UPDATE FOR FY25
REVENUES EXPECTED TO EXCEED €4.5 BILLION
UNDERLYING EBITDA (IFRS 16) Y-O-Y GROWTH TOWARDS THE TOP-END OF THE HIGH SINGLE DIGIT RANGE
STRONG FY25 UNDERLYING NET EARNINGS DELIVERY EXPECTED; WITH 9M FY25 UNDERLYING NET EARNINGS OF €196M ALREADY AT THE FULL YEAR FY24 LEVEL
CONTINUE TO SEE ENCOURAGING MOMENTUM IN PEPCO LFL REVENUES, WITH 51-WEEK PERFORMANCE UP +2.7%, LED BY A STRONG FOURTH QUARTER-TO-DATE WHERE LFL REVENUES GREW +3.9%
POLAND – ROBUST PERFORMANCE DELIVERING POSITIVE LFL GROWTH OF +2.6% IN H2 FY25 TO DATE
FULL YEAR RESULTS FOR THE GROUP (EXCLUDING POUNDLAND) IN LINE WITH PRIOR GUIDANCE
WESTERN EUROPE – LFL REVENUE GROWTH OF +3.2% IN H2 FY25 TO DATE; EXCLUDING FMCG, LFL UP +15.6%
EXPECTS TO OPEN 84 NET NEW STORES DURING THE FOURTH QUARTER, PLANS TO FINISH THE YEAR WITH 248 NET NEW STORES OVERALL, IN LINE WITH PRIOR GUIDANCE
IT WILL COMMENCE A SECOND €50M TRANCHE OF THE SHARE BUYBACK PROGRAMME IN OCTOBER 2025
ALL PEPCO PLUS STORES IN IBERIA NOW CONVERTED TO STANDARD STORE FORMAT
