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Dixons Carphone results at the upper end of full year preditctions

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Dixons Carphone has reported a 5% rise in its group like-for-likes in its final quarter, with full year pre-tax profits expected to be at the higher end of predictions.

In the fourth quarter ending 30 April, like-for-likes in Ireland and the UK grew by 4%, while sales in Southern Europe remain flat. Its Nordic sales increased by 9%.

Dixons Carphone saw total like-for-likes rise by 5%, 6% in the UK and 4% in its Nordic and Southern European business for the full year.  

The group's pre-tax profit is now expected to be in the upper half of its predictions, between £445m and £450m.

"We have continued to see good like-for-like growth with a in very strong performance in our mobile phone business the UK. I am also pleased that growth has been seen in pretty much all of our businesses across the group” said Seb James, Dixons Carphone Group Chief Executive.

 “There has been much commentary about the state of mind of UK consumers. Our view is that consumers are ready to spend but have - rightly - become more canny, and so need to be tempted with great deals and exciting new products. We see this as encouraging; after all, launching new technology well, creating fun events and coming up with great deals for customers in both the digital and physical worlds is our stock-in-trade.”

 “We continue to make good progress in building out our new CWS and Knowhow businesses. We are, if anything, even more excited about the potential for these comparatively new areas of our group and have had some real and tangible wins as well as a strong pipeline and plans for the coming months and years.”

Published on Wednesday 25 May by Talya Misiri

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