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Published on September 6th, 2018 | by The GC Team

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Dixons Carphone maintains full-year guidance

Dixons Carphone today said its full-year pre-tax profit guidance of around £300m remains unchanged and first-quarter performance was in line with expectations.

In a trading update for the 13 weeks ended 28th July 2018, the retailer said UK & Ireland like-for-like revenue was flat, with growth in consumer electronics around the World Cup offset by softer white goods and computing markets.

Mobile like-for-likes were down 1%, with a reduction in postpay deals as anticipated, but continued share gains were achieved in SIM Only and SIM Free.

Group like-for-like revenue was flat, in line with expectations, with 13% growth in online sales and a 2.6% increase in penetration to 21.4%.  

Sales in the Nordics were flat, but like-for-like revenues in Greece increased 9% as its Kotsovolos business strongly outperformed the market.

Group Chief Executive Alex Baldock said: “We’ve made good progress in setting a clear long-term direction for the business, one that sharpens our focus on the core, and that better joins up both our offer to customers and our business behind the scenes.”

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