LONDON - Pepco Group, the owner of British discount retailer Poundland, on Thursday forecast full-year core profit at the upper end of market expectations after revenue rose 19.4%.
The group, which listed on the Warsaw stock market in May with a 5 billion euros ($5.8 billion) valuation, also owns the PEPCO and Dealz brands in Europe.
It said year-to-September revenue was 4.1 billion euros, with like-for-like sales up 6.5%.
Pepco forecast full-year underlying earnings in a range of 640 million to 655 million euros, representing a 45% growth at the mid-point on the COVID-hit prior year.
($1 = 0.8630 euros)
(Reporting by James Davey; Editing by Subhranshu Sahu)