*Q3 REVENUES OF EUR 1.1 BILLION WITH CONSTANT CURRENCY REVENUE GROWTH OF 7.7% VERSUS LAST YEAR
*LIKE-FOR-LIKE $(LFL)$ REVENUES GREW BY +2.6% IN THE THIRD QUARTER, WITH GROWTH ACROSS BOTH PEPCO AND DEALZ BRANDS
*GROSS MARGIN IMPROVED BY 180 BASIS POINTS YEAR-ON-YEAR IN Q3 FY25, WITH CONTINUED STRONG PROGRESS IN PEPCO
*NET NEW OPENINGS OF 45 PEPCO AND DEALZ STORES IN Q3 FY25
*DEALZ REPORTED LFL SALES UP BY +5.8%, WITH POSITIVE DEMAND IN FOOD AND GM
*BOARD ANNOUNCES TODAY IT WILL COMMENCE EXECUTION OF AN INITIAL SHARE BUYBACK OF UP TO EUR 50 MILLION
*THE FIRST TRANCHE OF BUYBACK INTENDED TO COMMENCE ON OR AROUND 17 JULY
*THE GROUP CONTINUES TO EXPECT TO OPEN ABOUT 250 NET NEW STORES ACROSS FY25
*THE PURPOSE OF THE SHARE BUYBACK: CAPITAL REDUCTION AND TO MEET OBLIGATIONS UNDER EQUITY INCENTIVE PLANS
*PEPCO GROUP IS AUTHORISED TO REPURCHASE UP TO A MAXIMUM OF 57,745,193 ORDINARY SHARES UNDER THE CURRENT AGM AUTHORISATION
*THE MAXIMUM PRICE, EXCLUDING EXPENSES, WHICH THE COMPANY MAY PAY FOR EACH SHARE TO BE ACQUIRED, WILL BE AN AMOUNT EQUAL TO 110% OF THE MARKET PRICE OF THE ORDINARY SHARES
((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 10-JUL-202504:54:33.17 GMT