Philippa Larkin philippa.larkin@inl.co.za STEINHOFF subsidiary, Pepco, the fast-growing pan-European variety discount retailer, yesterday forecast revenue growth up 19.4 percent for the year to September as it expanded its store portfolio by 17.3 percent and as it opened its first stores in Austria, Serbia and Spain.
Pepco, the owner of the Pepco and Dealz brands in Europe and Poundland in the UK and which listed on the Warsaw stock market in May with a €5 billion (R86bn) valuation, said revenue was at €4.1bn), led by Pepco with 29.2 percent growth. Like-for-like sales were up 6.5 percent.
Underlying earnings before interest, taxes, depreciation, and amortisation, was anticipated to be within a range of €640 million to €655m, at the upper-end of analyst expectations, and representing…