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Dixons Carphone posts strong full year sales as it announces closure of travel business

Dixons Carphone has said that its group like-for-like electricals revenue climbed by 14% in the 51 weeks to 24 April as it announced that it is… View Article

ELECTRICALS & TECHNOLOGY

Dixons Carphone posts strong full year sales as it announces closure of travel business

Dixons Carphone has said that its group like-for-like electricals revenue climbed by 14% in the 51 weeks to 24 April as it announced that it is to close its travel business.

In a pre-close trading update, the retailer said online growth had been very strong with electrical online sales more than doubling to over £4.5 billion in the year.

In the UK and Ireland, electrical sales were up 13% while international sales increased by 16% following respective uplifts of 17% and 9% in the Nordics and Greece.

The company said: “Since January, trading has remained strong. Group electricals sales growth continued the positive performance seen over the peak trading period, despite the extended closure of most stores in the UK and Ireland and increased restrictions on trading in the Nordics.”

After the cost of repaying government Covid-19 related support of £73 million, Dixons Carphone now anticipates that its full year adjusted pre-tax profit will come in broadly in line with expectations at £151 million.

Dixons Carphone has also announced that it is to close its Dixons Travel business. In the statement, it said: “We do not expect passenger numbers to recover sufficiently to compensate for the removal of airside tax-free shopping by the UK Government from 1 January. This has led to the difficult decision to close this business, which historically made an annual profit contribution of over £20 million.”

Earlier this month, the company announced that it had closed all Carphone Warehouse stores in the Republic of Ireland.

 

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