Retailer Pepco Group NV has maintained its growth trajectory in the third quarter of fiscal 2021/22. As the parent company of the chains Pepco, Poundland and Dealz announced on Thursday, currency-adjusted sales rose by 17.1 percent compared to the same period last year and reached a level of 1.21 billion euros. On a like-for-like basis, currency-adjusted sales increased by 4.9 percent. In the first nine months of the current financial year, group sales amounted to EUR 3.58 billion, which corresponded to currency-adjusted growth of 17.4 percent compared to the comparable prior-year level.
The Polish discounter Pepco developed particularly dynamically, with currency-adjusted sales increasing by 28.5 percent to EUR 704 million in the third quarter. The retail chain benefited from numerous newly opened branches and a plus of 7.3 percent on a like-for-like basis. In the most recent quarter alone, which ended on June 30, its branch network grew by 109 locations, 40 of which were in the Western European growth markets of Germany, Austria, Italy and Spain. This brought the total number of Pepco stores to 2,775 at the end of the quarter. Currency-adjusted sales in the Poundland Group segment increased by 3.8 percent to EUR 507 million.