Pepco lifts 2026 profit outlook on robust trading, margin gains

Pepco

22/04/2026 17:09

April 22 (Reuters) - European discount retailer Pepco Group PCOP.WA on Wednesday raised its full-year 2026 profit guidance, citing robust trading and improving margins.

Last year, the group sold its struggling British Poundland business and placed its German unit into insolvency to stem losses and concentrate on its higher-margin Pepco brand.

The company now expects underlying core profit (EBITDA) to grow by a low-teen percentage, up from a previous forecast of at least 9%

It also lifted its net income growth forecast to at least 50%, up from a prior 25%

The upgrade follows a strong customer response to its Spring/Summer collections, the company said

Pepco said its net income forecast was also boosted by a change in its depreciation policy, with an estimated pre-tax impact of around 40 million euros  ($47 million)

The company will outline further details on its store network and Western European expansion when it reports half-year results on May 21

($1 = 0.8536 euros)

 (Reporting by Alicja Surdy; Editing by Matt Scuffham)

 ((AlicjaEwa.Surdy2@thomsonreuters.com;))