Dixons Carphone ends year trading on front foot

In Industry News On
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Dixons Carphone has posted full year profits “slightly above” the top end of its previously guided range of £355m to £375m.

The UK and Ireland marked a significant gain for the group, with Q4 revenue up 13% like-for-like in the region.

Group chief executive Sebastian James (pictured) commented: ““Nearly a year into our merger, I am very pleased to be posting such a strong first full year trading statement. Good trading, driven by market share gain and by strong promotional periods – including Easter – coupled with successfully streamlining the Group’s international assets, means that we are now guiding PBT to be slightly above the top end of our previously disclosed range for the full year.”

Seb-BoD

The group was formed was by the merger of Currys PC World and Carphone Warehouse in August of last year. Sebastian added: “On the integration, our teams should be very proud of the progress that we have made. A very committed group of people has achieved this; it has required not just hard work, but also pragmatism – and a willingness to roll up sleeves and get stuck in. By the autumn, in the UK, Ireland and Sweden, we will have moved our head offices, begun moving our logistics and our repair centres, built integrated management teams and opened almost 280 new mobile stores.”

Sebastian said there was continued investment planned in order to “make us stronger in the long term.” He added: “It is a truism that the time to fix the roof is when the sun is shining, and we will pursue continued investment in the business this year to do just that.”

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