Poundland Group plc operates as a single price value general merchandise retailer under the Poundland and Dealz brands. The company’s stores offer a range of products in various categories comprising household, grocery, impulse, and health and beauty products. It operates a network of approximately 588 stores in the United Kingdom and Ireland. The company was founded in 1990 and is headquartered in Willenhall, the United Kingdom.
Willenhall, WV13 2QT
Founded in 1990
Poundland Group plc Announces Executive Resignation
Jun 18 15
Poundland Group Plc announced that resignations of Paul Best as a non-executive Director of the company with effect from June 17, 2015 and of Richard Lancaster as an Executive Director, also with effect from June 17, 2015. Paul's resignation 15 months post the IPO follows the decision of Warburg Pincus to reduce its shareholding in the company to 16.4% earlier this year. Richard leaves the business to join the Co-operative Group, based in Manchester, as Managing Director of their Funeralcare business.
Poundland Group plc Reports Consolidated Earnings Results for the Year Ended March 29, 2015
Jun 18 15
Poundland Group plc reported consolidated earnings results for the year ended March 29, 2015. For the year, the company reported revenue of GBP 1,116,946,000 compared to GBP 997,803,000 a year ago. Operating profit was GBP 37,205,000 compared to GBP 27,702,000 a year ago. Profit before tax was GBP 36,151,000 compared to GBP 21,484,000 a year ago. Profit for the period was GBP 28,397,000 compared to GBP 13,860,000 a year ago. Diluted earnings per share were 11.34 pence compared to diluted loss per share of 1.82 pence a year ago. Adjusted diluted earnings per share were 11.34 pence compared to 5.54 pence a year ago. Net cash from operating activities was GBP 42,868,000 compared to GBP 48,202,000 a year ago. Acquisition of property, plant and equipment was GBP 19,112,000 compared to GBP 16,563,000 a year ago. Acquisition of other intangible assets was GBP 708,000 compared to GBP 1,062,000 a year ago. Underlying EBITDA was GBP 59.4 million against of GBP 54.0 million in 2014. Underlying pre-tax profits was GBP 43.7 million against of GBP 36.8 million in 2014. Underlying diluted EPS was 13.6 pence against of 10.9 pence a year ago.
Poundland Group plc, Annual General Meeting, Sep 17, 2015
Jun 18 15
Poundland Group plc, Annual General Meeting, Sep 17, 2015., at 11:00 GMT Standard Time. Location: Wellmans Road.