Dixons Carphone brushes aside “headwind” with healthy annual growth

218
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.”

Click here to sign up to Retail Gazette’s free daily email newsletter

LEAVE A REPLY

Please enter your comment!
Please enter your name here