Pepco Group shares rise after lifting 2026 profit outlook

Pepco

23/04/2026 08:24

** Shares of Pepco Group PCOP.WA rise around 7.6% after the company lifted its full-year 2026 profit guidance late on Wednesday, citing robust trading and improving margins

** The company now expects its FY core profit to grow by a low-teen percentage, up from at least 9% previously, and net income to rise by at least 50%, compared with earlier guidance of 25%

** Erste analyst Piotr Bogusz says the outlook upgrade is a "confirmation of the good preparation of the offer and the effectiveness of the optimizations introduced in the business"

** Trigon analyst Grzegorz Kujawski views the guidance upgrade as positive, driven by margin improvement rather than LFL sales, which remain low in line with other retailers

** He expects full-year adjusted core profit to grow 12% year-on-year, with group adjusted core profit margin rising 90 basis points to 20%

** As of 07:18 GMT shares of the company were on track for their best day since September if gains hold

 (Reporting by Rafal Nowak)

 ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))