DSG profits on target
In the 28 weeks to May 1, UK and Ireland electricals sales were up by 6%, though UK computing was down by 11%. Overall sales in the UK and Ireland division were flat but they were up by 3% on a like-for-like basis.
Sales in the Nordics were up by 33%, or 16% on a like-for-like basis. Other international sales were flat with like-for-like sales up 4%.
John Browett, CEO, commented: 'Customers continue to respond well to our unwavering focus on Value, Choice and Service. We are focused on moving all our businesses forward against a challenging backdrop, delivering a good sales uplift and margin performance.
'Whilst we remain cautious about the consumer environment for 2010, we are looking forward to the opportunities offered by this year's World Cup, with a strong line-up of products and compelling offers in place. Throughout the year ahead we will continue to drive change through our Renewal & Transformation Plan, delivering a better shopping trip for customers and stronger business performance for shareholders.
Underlying profit before tax is expected to be in line with market expectations of £80m-£90m (including property).
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