Dixons Carphone posts sales growth despite struggles in mobile market
Dixons Carphone has reported that its electricals like-for-like revenue in the UK and Ireland grew by 2% in its first quarter due to a strong performance in its white goods, tablets and gaming categories.
In the 13 weeks to 27 July, international like-for-like sales climbed by 4% following respective uplifts of 4% and 7% in its Nordic region and in Greece. The company said its most significant market share gains were made in Finland and Sweden in the period.
However, its UK and Ireland mobile like-for-like revenue declined by 10% as the company continued to struggle against difficult trading conditions in the traditional postpay market.
Alex Baldock, Dixons Carphone chief executive, said: “In electricals we continued to grow and win market share in all territories and customer satisfaction further improved. The mobile market is as challenging as expected, underlining the need for the decisive actions that we set out in June. We remain committed to growing electricals sales and headline profits in UK and Ireland and international this year, and to this being the trough year for mobile losses.”
Dixons Carphone is currently working its way through a transformation plan which it says is on track.
Baldock added: “The current political and economic climate is volatile but, assuming no material disruption from that, we stand by our full year guidance, as we do our longer-term commitments on EBIT margin and cashflow.”
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