Dealz-owner Pepco gets profits boost helped by opening new stores

Revenue at the group which includes Poundland and Dealz rose 17.4% to €4.82bn in the 12 months to the end of September

Dealz in the Republic and Poundland in Britain and the North, Fonthill Retail Park, Clondalkin.

Pepco Group, owner of European discount retailer brands Dealz, Poundland, and Pepco posted a 14.3% rise in annual core earnings, helped by the opening of 516 new stores, and forecast more growth in its new financial year.

The group, which listed on the Warsaw stock market last year, said it made underlying ebitda (earnings before interest, tax, depreciation and amortisation) of €731m in the 12 months to the end of September. That’s up from €647m in the previous financial year.