Discounter Pepco accelerates expansion in Western Europe

Pepco NV

21/05/2026 06:07

May 21 (Reuters) - Discount retailer Pepco Group PCOP.WA said on Thursday it was accelerating its store expansion in Western Europe, with at least 600 new stores expected to open in its existing Western European markets between 2027 and 2030, citing strong profitability seen in its Spanish and Italian stores.

The Warsaw-listed company also reported a 17.5% rise in its underlying core profit to €516 million ($600 million) for the first half of its financial year.

($1 = 0.8605 euros)

(Reporting by Alicja Surdy, editing by Milla Nissi-Prussak)

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