THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Dixons Carphone reports strong full year profits

Dixons Carphone has reported an uplift in sales and profit in the year to 29 April as it said it was well positioned to “flourish” in the years to come.

ELECTRICALS

Dixons Carphone reports strong full year profits

Dixons Carphone has reported an uplift in sales and profit in the year to 29 April as it said it was well positioned to “flourish” in the years to come.

Headline profit before tax rose by 10% to £501 million while statutory pre-tax profit climbed to £386 million from £263 million in the previous year.

Group revenue increased by 3% on a local currency basis and by 9% in sterling terms to £10.58 billion. Like-for-like revenue growth was 4% with an uplift across all divisions.

In the UK and Ireland revenue rose by 2% to £6.55 billion with a like-for-like sales uplift of 4%. The group said its UK electricals business delivered a “solid” result with market share gains across consumer electronics, white goods, computing and multiplay.

Dixon’s Carphone’s Nordic business delivered reported revenue growth of 20%. Like-for-like revenue was up 1%.

Meanwhile, like-for-like revenue in the group’s Southern Europe business increased by 6%, with reported revenue rising by 20%. The uplift was driven by a strong performance in Greece.

Seb James, Dixons Carphone group chief executive, said: "Over the last few years a great deal of work has been done to make the company stronger, lower risk and more resilient. We are seeing the upside of these efforts now as we declare record headline profits before tax of over half a billion pounds - up 10%.

“More importantly, the improvement in our cost base, the strong leadership position that we have built, the investment that we have made in our digital business and, above all, the enormous shift in customer satisfaction and price competitiveness that we have driven leave us well positioned to flourish in the years ahead.”

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

Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
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
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process