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Discounter Pepco books 775 million euros impairment charge on Poundland business

Published by Global Banking & Finance Review

Posted on December 10, 2024

1 min read

· Last updated: January 27, 2026

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Pepco Reports €775M Impairment Charge on Poundland

LONDON (Reuters) - European discount retailer Pepco Group on Tuesday reported an annual net loss of 662 million euros ($699 million), citing an impairment charge of 775 million euros for its Poundland business to reflect its weak performance and outlook.

The group reported underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of 944 million euros in the year to Sept. 30, in line with guidance of at least 900 million euros and up from 754 million euros made in 2022/23.

($1 = 0.9469 euros)

(Reporting by James Davey; Editing by Varun H K)

Key Takeaways

  • Pepco Group reported a €662 million net loss.
  • The loss is due to a €775 million impairment charge on Poundland.
  • Underlying EBITDA was €944 million, meeting guidance.
  • The impairment reflects Poundland's weak performance.
  • Pepco's financial year ended on September 30.

Frequently Asked Questions

What is the main topic?
The main topic is Pepco Group's financial results, highlighting a €775 million impairment charge on its Poundland business.
Why did Pepco report a net loss?
Pepco reported a net loss due to a €775 million impairment charge on its Poundland business, reflecting weak performance.
What were Pepco's EBITDA results?
Pepco's underlying EBITDA was €944 million, in line with their guidance of at least €900 million.

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