Pepco Group To Move Away From FMCG, Considers Potential Poundland Sale

Reuters

Mar 06, 2025

March 6 (Reuters) - Pepco Group NV ::
*TO FOCUS ON THE PEPCO BRAND
*BOARD IS ACTIVELY EVALUATING ALL STRATEGIC OPTIONS TO SEPARATE POUNDLAND FROM GROUP DURING FY25, INCLUDING POTENTIAL SALE
*SAYS BOARD HAS AUTHORISED SHARE BUYBACK CAPABILITY OF UP TO €200M FO USE DURING FY25-FY27
*SAYS GROUP CEO STEPHAN BORCHERT WILL ASSUME RESPONSIBILITY FOR RUNNING PEPCO
*ANNOUNCES STRATEGIC MOVE AWAY FROM FMCG, WITH CONSIDERATION ALSO GIVEN TO SEPARATION OF DEALZ POLAND OVER MEDIUM TERM
*SAYS IT WILL CEASE THE PEPCO 'PLUS' FORMAT IN IBERIA
*SAYS IT IS ALSO ANNOUNCING STRATEGIC REVIEW OF THE PEPCO GERMANY BUSINESS
*SAYS GROUP LIKE-FOR-LIKE SALES ARE UP BY 1.5% IN 8 WEEKS TO 2 MARCH 2025
*EXPECTS PEPCO BUSINESS TO SEE FY25 UNDERLYING EBITDA (IFRS 16) YEAR-ON-YEAR GROWTH IN HIGH SINGLE DIGITS
*SAYS IT NOW EXPECTS POUNDLAND TO DELIVER FY25 UNDERLYING EBITDA (IFRS 16) OF BETWEEN €50M TO €70M DURING CURRENT FY
*Further company coverage: PCOP.WA
* (Gdansk Newsroom)
* ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 06-MAR-202505:55:00.063 GMT

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+48 58 769 66 00;))<br/><br/>  ((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))<br/>  Source Date/Time = 06-MAR-202505:55:00.063 GMT</pcop.wa></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0943347566.SGD","symbol_name":"安联收益及增长平衡基金AM H2-SGD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250306:nRSDc46WYF:1","article_id":"2517188291","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2517188291","pubTimestamp":1741241371,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"March 6 (Reuters) - Pepco Group NV ::*TO FOCUS ON THE PEPCO BRAND*BOARD IS ACTIVELY EVALUATING ALL STRATEGIC OPTIONS TO SEPARATE POUNDLAND FROM GROUP DURING FY25, INCLUDING POTENTIAL SALE*SAYS BOARD H","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU2346227817.USD":"BGF SUSTAINABLE GLOBAL INFRASTRUCTURE \"A2\" (USD) ACC","EXC":"爱克斯龙","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4081":"电力公用事业","BK4606":"AI电力股","BK4588":"碎股","LU0251142724.SGD":"Fidelity America A-SGD","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","IE00BMQBXF63.USD":"BNY MELLON GLOBAL INFRASTRUCTURE INCOME \"B\" (USD) INC A","LU2362541273.HKD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC","IE00BZ18W340.USD":"BNY MELLON GLOBAL INFRASTRUCTURE INCOME \"B\" (USD) ACC","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU2362540622.SGD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (SGDHDG) ACC","IE00BZ18W456.USD":"BNY MELLON GLOBAL INFRASTRUCTURE INCOME \"B\" (USD) INC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4585":"ETF&股票定投概念","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","IE00B3T34201.USD":"BNY MELLON GLOBAL EQUITY INCOME \"B\" (USD) INC","LU2449327464.USD":"HSBC GIF GLOBAL INFRASTRUCTURE EQUITY \"AC\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc"},"translate_title":"Pepco集团将放弃快速消费品业务，考虑出售Poundland的可能性","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EXC":0.9},"content_text":"March 6 (Reuters) - Pepco Group NV ::*TO FOCUS ON THE PEPCO BRAND*BOARD IS ACTIVELY EVALUATING ALL STRATEGIC OPTIONS TO SEPARATE POUNDLAND FROM GROUP DURING FY25, INCLUDING POTENTIAL SALE*SAYS BOARD HAS AUTHORISED SHARE BUYBACK CAPABILITY OF UP TO €200M FO USE DURING FY25-FY27*SAYS GROUP CEO STEPHAN BORCHERT WILL ASSUME RESPONSIBILITY FOR RUNNING PEPCO*ANNOUNCES STRATEGIC MOVE AWAY FROM FMCG, WITH CONSIDERATION ALSO GIVEN TO SEPARATION OF DEALZ POLAND OVER MEDIUM TERM*SAYS IT WILL CEASE THE PEPCO 'PLUS' FORMAT IN IBERIA*SAYS IT IS ALSO ANNOUNCING STRATEGIC REVIEW OF THE PEPCO GERMANY BUSINESS*SAYS GROUP LIKE-FOR-LIKE SALES ARE UP BY 1.5% IN 8 WEEKS TO 2 MARCH 2025*EXPECTS PEPCO BUSINESS TO SEE FY25 UNDERLYING EBITDA (IFRS 16) YEAR-ON-YEAR GROWTH IN HIGH SINGLE DIGITS*SAYS IT NOW EXPECTS POUNDLAND TO DELIVER FY25 UNDERLYING EBITDA (IFRS 16) OF BETWEEN €50M TO €70M DURING CURRENT FY*Further company coverage: PCOP.WA* (Gdansk Newsroom)* ((gdansk.newsroom@thomsonreuters.com; 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