Thursday, January 20, 2022

Dixons Carphone report boost in profits

Dixons Carphone has released its half year results reporting a sharp rise in profits.

The technology retailer posted a 19 per cent rise in profits to £144 million in the 26 weeks to October 29.

Sales for the group rocketed 11 per cent to £4.9 billion and like-for-like revenues increased by four per cent.

Chief executive Seb James said the amalgamation of companies since 2014 was going “exactly as expected.”

READ MORE: Dixons Carphone brushes off Brexit fears

He continued: “We remain optimistic about our ability to continue to gain market share in all our key markets, and, while we have still not seen any effect on consumer demand as a consequence of Brexit, we have been planning for the possibility of more uncertain times ahead.

”In particular, we have been focusing on reducing our fixed cost base, identifying areas of potential market share growth if the world becomes a tougher place for our competitors, and generally preparing for all eventualities – just in case.

“We are also planning our offer so that potential currency impacts are minimised for the customer.”

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