THE RETAIL BULLETIN - The home of retail news
HOME
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
The Papers
RETAIL INSIGHTS
RETAIL SOLUTIONS
• The HR Summit 2019
• AI in Retail Conference 2019
• Omnichannel Futures Conference 2020
• Future of Retail Marketing 2020
ABOUT
CONTACT
SUBSCRIBE FOR FREE
Dixons Carphone grows sales and profit but warns of ‘uncertain’ times ahead

Dixons Carphone has reported an increase in both sales and profit in the first half of its financial year which the company attributed to the success… View Article

ELECTRICALS

Dixons Carphone grows sales and profit but warns of ‘uncertain’ times ahead

Dixons Carphone has reported an increase in both sales and profit in the first half of its financial year which the company attributed to the success of a range of new initiatives.

In the 26 weeks to 29 October, group headline pre-tax profit climbed by 19% to £144 million while group like-for-like revenue rose by 4% with growth across all divisions.

Total reported revenue increased to £4.87 billion from £4.39 billion a year earlier as the business benefited from the weakening of the Pound against the Euro and Norwegian Krone following the EU referendum.

Seb James, Dixons Carphone chief executive, said: “Overall, it has been a strong start to the year. The teams across the business have achieved this through the successful execution of a wide array of initiatives.

“These have varied from an extremely ambitious property programme in the UK and Ireland that is delivering exactly as expected, the commissioning of the most modern small products warehouse in Europe for our Nordic business, the near completion of our merger activities across the group, the integration of two ancillary businesses including the UK’s largest independent reseller of multiplay products, a totally new services proposition in Leeds, and a great many more.”

Like-for-like revenue in the UK rose by 5% in the period. Meanwhile, like-for-like revenue in the company’s Nordics and Southern Europe businesses increased by 2% and 7% respectively.

The company said it had not seen any effect on consumer demand following the Brexit vote but is planning for the possibility of more “uncertain” times ahead.

James added: “We have been focusing on reducing our fixed cost base, identifying areas of potential market share growth if the world becomes a tougher place for our competitors, and generally preparing for all eventualities – just in case. We are also planning our offer so that potential currency impacts are minimised for the customer.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The HR Summit 2019
The HR Summit 2019
8 October 2019
Hallam Conference Centre, London W1W 6JJ
Company values, collaboration with employees and driving a major HR transformation to create a truly omnichannel experience, need to be at the heart of the organisation's culture and brand
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
CONFERENCE AIMED AT RETAILERS WORKING IN MARKETING, IT, DIGITAL, DATA AND TECHNOLOGY
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Future of Retail Marketing 2020
Future of Retail Marketing 2020
10 June 2020
Cavendish Conference Centre, London W1G 9DT
The Future of Retail Marketing for Customer Engagement