Steinhoff shares rally another 7% on sales bump in EU

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Pepco says the 12% growth in revenue was driven primarily by the opening of new stores, mainly by its Pepco brand

Steinhoff shares jumped another 7% to R5.79 on Thursday after its EU subsidiary reported a 12% rise in its December quarter sales, despite the overhang of the Omicron variant.

Pepco, which has more than 3,000 discount stores in Poland, Romania and Bulgaria and Ireland, said the 12% growth in revenue was driven primarily by the opening of new stores, mainly by its Pepco brand...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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