The group attributed this development to “on worth management of its best-selling gadgets and improved product ranges”.
There was income development throughout the Pepco and Dealz manufacturers throughout the interval: Pepco was up 7.4% to €997m (£859m) and Dealz up 11.2% to €80m (£68m).
The group’s total like-for-like gross sales grew 2.6% within the third quarter.
Gross margin improved by 180 foundation factors 12 months on 12 months.
In June this 12 months, Pepco Group bought Poundland to Gordon Brothers for a nominal sum and pledged as much as £80m in financing for the retailer’s proposed restructuring plan.
Throughout the third quarter, revenues at Poundland dropped 10.3% to €347m (£299m).
Stephan Borchert, chief government officer of Pepco Group, mentioned: “Our leads to the third quarter replicate our continued strategic execution throughout ‘New Pepco Group’ and actions now we have taken to drive extra constant efficiency. The Pepco model delivered a powerful efficiency within the third quarter, registering report income of greater than €1bn (£86m), a 3rd consecutive quarter of like-for-like gross sales development and an extra uplift in gross margin.
“This excellent efficiency at Pepco – the engine of the group’s earnings potential – was pushed by improved availability, a give attention to worth management of its best-selling gadgets and improved product ranges, which supported our steady enchancment of LFL gross sales and quantity development within the interval.
“Having accomplished the sale of Poundland in June 2025, ‘New Pepco Group’ now has a less complicated construction and we glance ahead with confidence to capitalising on the quite a few development alternatives for the Pepco model as a part of our ambition to turn into one among Europe’s most profitable low cost retailers.”
The group’s earlier outlook stays unchanged, with expectations for the Pepco enterprise to have full-year 2024/25 revenues and underlying EBITDA (IFRS 16) year-on-year development within the “excessive single digits”.
As well as, the group has introduced it should provoke the primary tranche of the share buyback programme of as much as €50m (£43m), commencing on or round 17 July.
It mentioned: “[It is the] board’s perception that the present share worth materially undervalues the group’s future prospects and its intrinsic earnings potential, and [the share buyback will] additional improve shareholder returns.”
