PEPCO GROUP N.V. EO-,01

Pepco's management raised the ongoing buyback offer from 41.76 PLN to 47.52 PLN per share, about 14% above the previous closing price, with a total budget of up to €400 million. Up to 49,083,414 shares (8.5% of share capital) may be repurchased and cancelled, which would boost earnings per share for remaining shareholders. Majority shareholder IBEX Retail Investments plans to tender its entire holding of roughly 360 million shares, underlining the move's significance. The stock (PCOP) rose 3.2% to a 52-week high of 46.34 PLN; a positive backdrop on the Warsaw exchange also supported the price gain. » More on de.investing.com

The Pepco share rose to 40.88 PLN (+4.6%) after the launch of a one‑off buyback program of up to €400 million with an offer price of 41.76 PLN per share. The company reported Q3 revenue of around €1.09 billion (excluding Dealz), raised its full‑year gross margin guidance to around 51% and expects adjusted EBITDA growth in the mid‑teens percentage range. The completion of the sale of Dealz Poland and positive analyst comments supported investor confidence and pushed the share to a new 52‑week high. » More on de.investing.com

Pepco has raised its guidance for gross margin, adjusted EBITDA growth and net free cash flow, supported by a strong Western Europe performance (+15% like‑for‑like) and the agreed sale of Dealz Poland. The group now expects a gross margin of around 51%, EBITDA growth in the mid‑teens versus a base of €841m and free cash flow of around €300m. Pepco is classifying Dealz as a discontinued operation, providing 18 months of vendor financing up to £20m and retaining 35% of the net proceeds of any future resale. The company opened a net 74 stores in the quarter and confirms the target of around 250 net new stores for the fiscal year; a share buyback offer of up to €400m is still planned to be completed in 2026. » More on de.investing.com