Anzeige
Mehr »
Login
Sonntag, 03.11.2024 Börsentäglich über 12.000 News von 674 internationalen Medien
Technischer Ausbruch: Diese Kupferaktie ist in den letzten 52 Wochen um 300 % gestiegen! Der Durchbruch läuft!
Anzeige

Indizes

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Aktien

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Xetra-Orderbuch

Fonds

Kurs

%

Devisen

Kurs

%

Rohstoffe

Kurs

%

Themen

Kurs

%

Erweiterte Suche

WKN: A3CQ3M | ISIN: NL0015000AU7 | Ticker-Symbol: 8UX
München
01.11.24
18:31 Uhr
4,079 Euro
+0,181
+4,64 %
Branche
Handel/E-Commerce
Aktienmarkt
Sonstige
1-Jahres-Chart
PEPCO GROUP NV Chart 1 Jahr
5-Tage-Chart
PEPCO GROUP NV 5-Tage-Chart
GlobeNewswire (Europe)
173 Leser
Artikel bewerten:
(1)

Pepco Group N.V.: Interim results for six months ended 31 March 2024

Strong H1 profit growth with tangible strategic progress
Pepco
Group, the fast-growing pan-European variety discount retailer, today reports interim results for the six-month period ended 31 March 2024.1

KEY HIGHLIGHTS

• Record H1 Group revenue of €3.2bn, up 13.8% year-on-year ("y-o-y")
• Group gross margin up 310 basis points ("bps") to 43.1%, driven by Pepco
• Record underlying Group EBITDA (IFRS16) of €487m up 28.2%, driven by Pepco EBITDA up 38.9%
• More measured store growth and disciplined capital investment
• Strong operating cash flow of €182m, an increase of €99m over the last year
• 289 net new stores opened in H1, of which 86 in Q2
• Group expects to deliver underlying full year FY24 EBITDA (IFRS 16) of around €900m (FY23: €753m)

• Group revenue of €3,200m, growing +13.8% y-o-y (+11.1% at constant currency)
• LFL revenue declined by 2.5% during H1 against a strong comparator (H1 FY23 LFL +11.1%)
- Pepco LFL -3.2%; Poundland LFL -0.7%; Dealz Poland -4.6% in H1
• Gross margin of 43.1% (H1 FY23: 40.0%), driven by strong recovery in Pepco (+480 bps y-o-y)
• Underlying EBITDA (IFRS16) of €487m up 28.2% y-o-y
- Strong Pepco EBITDA growth of 38.9%; Poundland EBITDA down 6.5%; Dealz EBITDA up 100.0%
• Underlying PBT of €174m up 21.7% y-o-y
• Net debt at end of H1 FY24 was €429m (pre-IFRS16), representing 0.9x LTM EBITDA (pre-IFRS16) leverage

Commenting on the results, Andy Bond, Executive Chair of Pepco Group, said:

"We are today reporting a solid Group performance for the first half, including record revenues and a significant uplift in gross margin, reflecting good progress against strategic priorities set out last autumn. The standout performer was Pepco's Central and Eastern European business, the key engine driver for the Group. We have successfully rebuilt gross margin and store profitability in this region back towards pre-pandemic levels with further opportunities for improvement. This achievement underscores Pepco's continuing and compelling customer offer across apparel and general merchandise at market-leading prices. Despite a positive FMCG contribution, Poundland's performance was behind expectations due to challenges in implementing the significant range change to Pepco products, which we are addressing. Dealz Poland continued to make progress.

"Across the Group, we made significant strides in improving gross margin in H1, which increased by 310 basis points to 43.1%. This improvement was driven by enhanced product purchasing, as well as a more normalised environment for commodity prices, foreign exchange and freight cost versus the prior year, notwithstanding some impact from the situation in the Red Sea.

"We continued to expand our footprint across Europe, with 289 net new stores opening, primarily within our core high-growth CEE markets, focusing capital on openings that deliver the strongest returns. The robust performance delivered in the half reflects successful delivery against our strategy and a fantastic contribution from all colleagues across the Group, as we continue to build Europe's leading variety discount retailer.

"Looking ahead, while consumer sentiment in some of our key markets remains challenging, we expect to deliver underlying EBITDA (IFRS16) for the full year in the region of €900 million, compared with €753 million in the previous year. We will also benefit from greater focus on disciplined capital investment, with an improvement in free cash flow generation expected in the full year. This financial strength positions us well to continue executing our growth strategy while maintaining a strong balance sheet."

CONFERENCE CALL

Pepco Group will host a conference call for analysts and investors to discuss its H1 FY24 interim results on Thursday 23 May at 4.30pm BST (5.30pm CEST). Investors and analysts who would like to participate in the Q&A session can dial in using the relevant number below and quote "Pepco Group Half Year".

Alternatively, a live audio webcast of the call will be available via the following link: https://brrmedia.news/PCO_HY_24

Location: Phone Number
Poland: +48 22 397 9053
United Kingdom: +44 (0) 33 0551 0200 / +44 (0) 808 109 0700
United States: +1 786-697-3501
© 2024 GlobeNewswire (Europe)
Nach der Korrektur – 3 Kupferproduzenten für das Comeback

Kupfer wird oft als „das Gold der Energiewende“ bezeichnet, weil es aufgrund seiner hervorragenden elektrischen Leitfähigkeit eine zentrale Rolle in vielen Technologien spielt, die für nachhaltige Energiesysteme entscheidend sind. Experten gehen aufgrund der Angebotsknappheit von einem Superzyklus aus.

Korrektur als Einstiegschance

Nach Höchstständen im Mai korrigierte das rote Metall stark. Die Abwärtsspirale verstärkte sich in den vergangenen Tagen aufgrund schwacher Konjunkturdaten aus den USA und China. Langfristig könnte sich die aktuell laufende Korrektur als exzellente Einstiegsmöglichkeit herausstellen.

3 Kupferaktien mit hohem Potential

Im neuen, kostenlosen Spezialreport stellen wir drei aussichtsreiche Unternehmen vor, die bei einem weiteren Anstieg überproportional profitieren könnten.

Handeln Sie jetzt und sichern Sie sich Ihren kostenfreien Report!

Werbehinweise: Die Billigung des Basisprospekts durch die BaFin ist nicht als ihre Befürwortung der angebotenen Wertpapiere zu verstehen. Wir empfehlen Interessenten und potenziellen Anlegern den Basisprospekt und die Endgültigen Bedingungen zu lesen, bevor sie eine Anlageentscheidung treffen, um sich möglichst umfassend zu informieren, insbesondere über die potenziellen Risiken und Chancen des Wertpapiers. Sie sind im Begriff, ein Produkt zu erwerben, das nicht einfach ist und schwer zu verstehen sein kann.