// Currys PC World & Carphone Warehouse owner Dixons Carphone expects profits to fall 22%
// Revenues expected to rise to £10.6bn from the £10.5bn a year earlier
// The challenging mobile phone market has affected sales
The parent company of Currys PC World and Carphone Warehouse, Dixons Carphone has revealed that it expects profits to fall thanks to the challenging mobile phone market.
Dixons had previously revealed that it had been too slow to win over online shoppers, and chief executive Alex Buldock is expected to announce pretax profits in the year to April 30 fell about 22 per cent to £299 million on Thursday.
Meanwhile, analysts have predicted that Dixons’ revenues will rise to £10.6 billion from the £10.5 billion a year earlier.
The company is expected to be facing costs from a turnaround strategy which it announced six months ago, as well as the ever-changing habits of consumers when it comes to purchasing mobile phones.
Dixons said consumers are now buying mobile phones outright rather than signing up to lengthy contracts, which means mobile sales have fallen by seven per cent in the six months to October 31, and are expected to be down five per cent for the final three months of the financial year.