The retail group Pepco Group NV presented its results for the third quarter of the 2024/25 financial year on Thursday. The company particularly emphasized the robust figures of the “New Pepco Group”, which has only consisted of the Pepco and Dealz Poland retail chains since June 12.
The “New Pepco Group” generated sales of 1.1 billion euros in the third quarter, which was completed on June 30, which corresponded to a currency -adjusted growth by 7.7 percent compared to the same period last year. The proceeds rose by 2.6 percent on a comparable area because both Pepco and Dealz developed positively.
CEO Stephan Borchert was satisfied with the current numbers. “Our results in the third quarter reflect the continued implementation of our strategy within the ‘New Pepco Group’ and the measures we took to deliver a more conclusive performance,” he said in a statement. “The Pepco brand showed a strong performance in the third quarter. It recorded a record turnover of over one billion euros, was able to achieve space -adjusted sales growth in the third quarter in a row and also further increased its gross margin.”
Pepco and Dealz with positive dynamics
The core brand Pepco achieved a increase in sales of 2.4 percent in comparable space in the recent quarter. According to the company, the chain benefited from strategic decisions. For example, increased availability, a stronger price focus on particularly high -sales articles and an improved product range ensured positive effects, which contributed to volume growth in the reporting period.
Dealz also reported a robust quarter of 5.8 percent with space -adjusted sales growth. The decisive factor for this was the strong demand for both foods and other goods.
Thanks to persistent progress at Pepco, the “New Pepco Group” was also able to increase its gross margin by 1.8 percentage points compared to the previous year.
In the past quarter, the group of companies increased its branch network by 45 locations. This was mainly due to the opening of new Pepco stores in the Central and Eastern Europe region. At the end of June, the group operated a total of 4,276 stores.
Pepco Group announces a share buyback program
The company’s board of directors also confirmed its decision to start a first share buyback program of up to 50 million euros. The background to this is the conviction that the current share price significantly understatements the future prospects and the earnings potential of the group, according to a statement. The aim of the measure is to further increase the return of the shareholders: to further increase the inside, the group said.
With a view to the future, management expects that the strong business dynamics at Pepco and Dealz will stop. For the current financial year, the group therefore continues to expect the Pepco division to increase its sales and the result of special effects before interest, taxes and depreciation (EBITDA) by a high single -digit percentage. At Dealz, an EBITDA is still expected to be around 30 million euros. The group also confirmed its flats to increase the branch network by around 250 locations in the current financial year.
This article was used with digital tools translated.
Fashionunited uses artificial intelligence to accelerate the translation of articles and improve the end result. They help us make the international reporting of fashionunited a German -speaking readership quickly and comprehensively accessible. Articles that have been translated using AI-based tools are read and carefully edited by our editor: Correcting inside before they are published. If you have any questions or comments, please contact me by email to [email protected]