The retail chain operator Pepco estimates that in March 2022 it will probably be included in the WIG20 index of the largest companies, its CEO said.
Pepco Group has announced that the EBITDA result will reach EUR 1 billion within 5-7 years.
“This is obviously not something that we have influence on, but I think the dynamics of trading in our stocks indicate that it is likely that we will enter the WIG20 index in March,” Andy Bond, CEO of Pepco Group said on Tuesday.
For now, the retailer is to enter the mWIG40 index, which brings together issuers from the back of the largest listed companies. As the WSE announced in early December, Pepco Group will join mWIG40 after the trading session on December 17, replacing OncoArendi Therapeutics. Earlier on Tuesday, Pepco Group announced the results for the 2020/2021 financial year ending on September 30, 2021. Its base EBITDA result was EUR 647 million, which meant an increase by 46.2 percent. compared to the previous year.