Brief: Pepco Group Q3 Revenue Up At EUR 1.48 Bln

Pepco NV

11/07/2024 06:00

July 11 (Reuters) - Pepco Group NV  PCOP.WA :
    * YEAR TO DATE (“YTD”) 9-MONTH GROUP REVENUE OF €4,681M WITH CONSTANT
CURRENCY
GROWTH OF 10% ON LAST YEAR
    * Q3 GROUP REVENUE OF €1,481M, UP 8% YEAR-ON-YEAR ON A CONSTANT CURRENCY
BASIS
    * GROUP LIKE-FOR-LIKE (“LFL”) REVENUES DOWN 4.3% IN THIRD QUARTER
    * STRONG YEAR-ON-YEAR RECOVERY IN GROSS MARGIN CONTINUED INTO THE THIRD
QUARTER,
DRIVEN BY PEPCO
    * NET NEW STORE OPENINGS OF 326 IN NINE MONTHS TO DATE (37 IN Q3); THE GROUP
REMAINS ON TRACK TO OPEN AROUND  400 NET NEW STORES OVERALL IN FY24
    * THE GROUP MAINTAINS ITS PREVIOUS GUIDANCE ON THE FULL YEAR EBITDA OUTLOOK
OF
AROUND €900M, REPRESENTING  EBITDA GROWTH OF C.20% OVER PRIOR YEAR (FY23: €753M
    * THE GROUP REMAINS CONFIDENT THAT AVAILABILITY ISSUES THAT HAVE IMPACTED
LFL
SALES WILL EASE THROUGH THE FOURTH QUARTER
    * THE GROUP REMAINS CONFIDENT OF DELIVERING A FY24 UNDERLYING EBITDA (IFRS
16) OF
AROUND €900M (FY23: EBITDA IFRS 16 OF €753M)

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Further company coverage:  PCOP.WA 

 (Reporting by Gdansk Newsroom)
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