Dealz owner Pepco sees annual profit at upper end of expectations

Dealz owner Pepco Group forecast full-year core profit at the upper end of market expectations after revenue rose 19.4 per cent.

The group, which listed on the Warsaw stock market in May with a €5 billion valuation, also owns the Pepco brand in Europe and British discount retailer Poundland.

It said year-to-September revenue was €4.1 billion, with like-for-like sales up 6.5 per cent.

Pepco forecast full-year underlying earnings in a range of €640 million to €655 million, representing a 45 per cent growth at the mid-point on the Covid-hit prior year. – Reuters