Dixons Carphone brushes aside “headwind” with healthy annual growth

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Dixons Carphone

Full year sales at electrical retailer Dixons Carphone have shot up, brushing aside fourth-quarter struggles with the late Samsung S8 launch and late Easter.

Annual sales rose by nine per cent across the group, with like-for-likes jumping four per cent in the year.

UK full year revenues were up two per cent and like-for-likes matched the overall four per cent rise. This was slightly offset by a one per cent drop in revenue during the fourth quarter due to “headwind”, but like-for-likes in the period still edged up two per cent.

Meanwhile like-for-likes across Southern Europe jumped  six per cent and saw a 20 per cent boost in reported revenues.

READ MORE:  Dixons Carphone drops out of FTSE 100

Pre-tax profits for the full year are expected to come in at between £485 million and £490 million.

“Despite a lively political backdrop, we have been able to continue to grow our business and maintain very high levels of customer satisfaction across the group,” chief executive Seb James said.

“We have continued to evolve our approach to multi-channel and we have gained an even better understanding of how the online and offline worlds work together to help customers make great choices on these important and life-enhancing technologies.”

“Given our performance despite this headwind, our view is that the UK consumer continues to be active in the market, but we anticipate no let-up in their very rational view that price and service are critical factors in deciding where to shop.”

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