Pepco Group NV (WAR:PCO)

Half Year 2026 Pepco Group NV Earnings Call Transcript

May 21, 2026 / 07:30 AM GMT

Release Date Price: zł32 (-0.59%)

Transcript

Key Points

Positve

Pepco Group NV (FRA:8UX) reported a strong financial performance with revenue up 5% and EBITDA up 17.5%, driven by a gross margin expansion of 250 basis points.
The company achieved its sixth consecutive quarter of positive like-for-like growth, showcasing the effectiveness of its strategic initiatives.
Pepco Group NV (FRA:8UX) plans to double its store count in Western Europe by 2030, indicating confidence in its growth strategy.
The launch of the mobile app and Pepco Club loyalty program in Poland exceeded expectations, with club members spending twice as much as non-members.
The company completed a EUR 200 million share buyback ahead of schedule and announced an additional EUR 400 million buyback, demonstrating a commitment to returning value to shareholders.

Negative

The deals segment experienced an 8.3% decline in like-for-like revenue growth, reflecting challenges in this part of the business.
Store closures in Germany impacted the net new store openings, with 28 out of 64 stores closed due to poor location choices by previous management.
The company faces inflationary pressures on store operating costs, which increased by 6.9% year-on-year.
The exit from FMCG created a gross headwind of over 3% in the first half, impacting revenue growth.
The geopolitical situation in Ukraine presents risks, although the company sees potential for growth in this market.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PCOP.WA - Pepco Group NV
Half Year 2026 Pepco Group NV Earnings Call
May 21, 2026 / 07:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone, and welcome to our Financial Year '26 half-year results presentation. I'm pleased to announce a very strong set of results this morning as we have continued to make huge strides in line with our strategic plan.

Joining me on the call this morning are Willem Ihlmann, Pepco Group CFO, who I'm sure you're all very familiar with by now and Hugo van Santen, our Pepco CFO.

I'll first run you through a couple of highlights, followed by a detailed look at the progress we've made in the first six months of this financial year against each of our strategic pillars before handing over to Willem and Hugo for the financial review.

I'll then provide a quick summary at the end as well as an overview of

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