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Dixons Carphone hails strong first quarter

Dixons Carphone has reported that group like-for-like revenues rose by 8% in its first quarter.

GENERAL MERCHANDISE

Dixons Carphone hails strong first quarter

Dixons Carphone has reported that group like-for-like revenues rose by 8% in its first quarter.

In the 13 weeks to 1 August, like-for-like revenues climbed by 10% in the UK and Ireland which the retailer attributed to a “significant” market share gain in phone sales.

In the Nordics region, like-for-like sales rose by 4% against a “slightly less” buoyant market backdrop.

Meanwhile, sales in Southern Europe were flat although there was improved trading in Spain and growth in Greece despite challenging markets.

Dixons Carphone said it had made a good start to its new venture with Sprint in the US with the first stores due to open next week.

Sebastian James, Dixons Carphone group chief executive, said: "Overall, a very good start to the trading year but I am aware that there is plenty of the year left to go.

"In the next quarter we will anniversary the startlingly successful iPhone6 launch, the consolidation of the mobile market and, later in the year, an extraordinary Black Friday. Nevertheless, our whole team believes that the business is in very good shape to have another successful year, and I look forward to giving a further update at the interims in December."

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