Discounter Pepco books 775 million euros impairment charge on Poundland business
Published by Global Banking & Finance Review®
Posted on December 10, 2024
1 min readLast updated: January 27, 2026

Published by Global Banking & Finance Review®
Posted on December 10, 2024
1 min readLast updated: January 27, 2026

Pepco Group reports a €662M net loss, citing a €775M impairment charge on Poundland due to weak performance.
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)
The main topic is Pepco Group's financial results, highlighting a €775 million impairment charge on its Poundland business.
Pepco reported a net loss due to a €775 million impairment charge on its Poundland business, reflecting weak performance.
Pepco's underlying EBITDA was €944 million, in line with their guidance of at least €900 million.
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