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Troubled Dixons Carphone reports flat revenue

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Just months after announcing a huge profit warning, Dixons Carphone today said its like-for-like revenue growth in the UK and Ireland was flat during the three months to 28 July.

Its electricals business, trading as Curry’s in the UK and under other brand names in Scandinavia and Greece, saw flat same-store sales. The only area that reported growth was in Greece, where same-store sales rose by 9 per cent.

“First quarter performance was in line with expectations. We’ve maintained or grown our leading market positions, and our full year profit before tax guidance of around £300 million remains unchanged,’ group chief executive Alex Baldock said.

“We’ve made good progress in setting a clear long-term direction for the business, one that sharpens our focus on the core, and that better joins up both our offer to customers and our business behind the scenes. I look forward to giving a fuller update on our plans and progress in December.”




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