Profile of Poundland/Dealz

British fixed-price discount retailer, Poundland — which trades here as Dealz — issues its third-quarter trading update on Wednesday.

It will be the company’s first update regarding trading since it posted a strong first-half showing back in late November, and will detail its performance over the Christmas trading period.

In its interim results, for the six months to the end of September, the company reported a 15% year-on-year rise in total sales to £528.2m and a 34.2% rise in underlying pre-tax profits to £12.6m, while underlying earnings per share were up by over 40% on a annualised basis.

Speaking on the back of those results, Poundland chairman, Darren Shapland said: “The strong momentum we reported in July has continued through the first half and we have made a good start to the year. Our future store opening programme is robust and I’m confident in our plans for taking the Poundland and Dealz offer to even more customers in the UK and abroad.”

Two-Year Financial History:

Revenue: 2014, £997.8m; 2013, £880.5m

Underlying EBITDA: 2014, £54m; 2013, £45.5m.

Underlying pre-tax profits: 2014, £36.8m; 2013, £29.8m.

Underlying earnings per share: 2014, 10.9p; 2013, 8.7p.

Business sector/Retail

Profile: Ranked as the largest and fastest growing fixed price discount retailer in Europe.

Established: 1990.

Headquarters: Willenhall, West Midlands, UK.

Employment: 13,000.

Store numbers: Approximately 500 across the UK and Ireland offering groceries to entertainment products and DIY products.

Senior management: Jim McCarthy (chief executive); Darren Shapland (non-executive chairman); Nick Hateley (chief financial officer); Richard Lancaster (trading director); Tim McDonnell (retail operations director).

Poundland in Ireland: Opened here in 2011, trading as Dealz. To date, has created more than 1,000 jobs and invested nearly E55m. Has 35 stores here and 1,000 Irish-based employees. Claims to have seen 13 million shoppers enter its stores since 2011.

Financial year-end: March 31

Market capitalisation: £884m

Stock exchange listings: London Stock Exchange (floated in 2014).

Current share price: 354.30p.

12-month share price high: 401.50p.

12-month share price low: 284.38p.

Interim dividend per share: 1.5p.

Net debt: £4.7m.

Revenue: £997.8m.

Underlying EBITDA: £54m.

Underlying pre-tax profits: £36.8m.

Underlying earnings per share: 10.9p.

Other details: Poundland celebrated its third anniversary in the Irish market in November, with the opening of its 35th store in central Dublin. It was the fourth new store to open in as many weeks, bringing the company’s employee headcount in Ireland to over 1,000 people.


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