Pepco Group reports strong first half as it looks ahead to opening 600 new stores
Pepco Group has reported a strong first half with underlying EBITDA up 17.5% to €516 million.
In the six months to 31 March, group like-for-like sales, excluding FMCG, rose by 3.6% as group revenue increased by 5% to €2.5 billion and underlying pre-tax profit grew by 52.3% to €198 million.
Subscribe to TRBPepco Group attributed the performance to the successful implementation of its transformation plan which it set out in March 2025.
While the Pepco brand revenue climbed by 6% to €2.3 billion, trading in Dealz was “challenging” with revenues declining by 6.6%. The group said it remains committed to separating Dealz by the end of the financial year.
Due to its increased confidence in Western Europe, the group is now planning to double its presence in the region with the opening of at least 600 new stores.
Stephan Borchert, Pepco Group chief executive, said: “I remain confident in the growth potential of this business.
“The accelerating store economics we are seeing in Western Europe give us the conviction to expand on our ambitions there, with at least 600 new stores now planned over four years between FY27 and FY30 – doubling our presence in the region.
“We are also launching a carefully managed trial in select areas of Ukraine, a market where Pepco already carries genuine brand awareness, and which represents a potentially significant new growth opportunity for the group over time.”
