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Dixons Carphone hails 'good start' to financial year

Dixons Carphone, the recently merged company comprising Dixons Retail and Carphone Warehouse, has reported making a “good start” to the financial year in its first quarter trading statement.

GENERAL MERCHANDISE

Dixons Carphone hails 'good start' to financial year

Dixons Carphone, the recently merged company comprising Dixons Retail and Carphone Warehouse, has reported making a “good start” to the financial year in its first quarter trading statement.

Like-for-like sales at Dixons Retail climbed 4% in the UK and Ireland in the period as trade was boosted by the World Cup, consumer recovery and free warranties on a range of products. The retailer’s Nordic business delivered a like-for-like sales increase of 1% while its Greek business saw growth of 6%.

Meanwhile, like-for-like sales at Carphone Warehouse dropped by 6%, as anticipated, due to strong comparatives in the prior year when like-for-likes sales surged by 13%. Sales were also impacted by difficult market conditions in Spain.

Dixons Carphone chief executive Sebastian James said: “I am pleased to report a good start to the year and to our new shared enterprise. Dixons Carphone looks to be in excellent shape to tackle the perpetually shifting sands of the market and to achieve its goal of improving our customers’ lives through technology.”

The group said the integration of the two merged companies is progressing well with seven departments now serving both parts of the business in an integrated way. 

James added: “I am also really pleased, on behalf of the whole team, that Dixons Carphone will join the FTSE 100 on 22 September. Passing this milestone, while not dramatic in itself, is a good sign of momentum and belief in our shared future. In short, a good start.”

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