Pepco Group approves EUR 400 million buyback of Pepco Group stock

Pepco Group approved a new multi-year share buyback program of up to EUR 400 million in its September 29, 2026 pre-close trading update, which also raised the expected growth in fiscal 2026 underlying net earnings to above 60 percent from prior guidance above 50 percent. The announcement was published by Pepco Group.

Market context: Market report WIG 20.

The week in figures

Pepco Group said fiscal 2026 revenue is expected to exceed EUR 4.5 billion, representing constant-currency growth of about 8 percent and the upper end of its 6 to 8 percent guidance range. The company expects fiscal 2026 gross margin of about 51 percent and underlying EBITDA growth in the mid-teens, both in line with guidance.

Capital returns and outlook

The new buyback is intended to run from fiscal 2027 through fiscal 2029 and follows completion of a EUR 400 million tender buyback in August 2026. Pepco Group said it had completed EUR 550 million of share buybacks during fiscal 2026.

The company expects unlevered free cash flow above EUR 350 million in fiscal 2026, compared with previous guidance of about EUR 300 million. It also expects capital expenditure of about EUR 150 million and approximately 250 net new stores.

Dates of the coming period

Pepco Group’s FY26 preliminary results are scheduled for December 9, 2026. The company also lists a fiscal 2027 first-quarter trading update for January 14, 2027, and a capital markets day in Warsaw for March 9, 2027. These dates are stated in the company’s September 29, 2026 release.