Pepco rises after 'solid' trading update, guidance hike
BUZZ-Pepco rises after 'solid' trading update, guidance hike ** Pepco PCOP.WA shares rise around 2.5%, paring gains after rising 5%, as the European discount retailer reported growing fourth-quarter results and lifted its guidance
** Pepco posts quarterly like-for-like revenue growth excluding fast-moving consumer goods of 9.5%, adding sees full-year revenue exceeding €4.5 billion ($5.1 billion)
** "The company reported a solid trading update for 4Q26, with a significant acceleration in LfL growth across all segments," Erste analyst Piotr Bogusz says
** He adds growth should help Pepco exceed the upper end of full-year revenue guidance for a 6-8% growth
** Company also announces new share buyback programme of €400 million
** Pepco shares outperform Poland's blue-chip index WIG20 .WIG20
($1 = 0.8812 euros)
(Reporting by Emmanuelle Serres and Rafal Nowak in Gdansk)
((Emmanuelle.Serres@thomsonreuters.com; +48 58 769 66 63))
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