Dixons Carphone raises profit guidance after buoyant festive sales
Dixons Carphone has raised it full year profit guidance after its group like-for-like revenues increased by 5% over the Christmas trading period.
In the 10 weeks ended 9 January 2016, like-for-like sales rose by 5% in the UK and by 9% in the group’s Southern Europe business. Like-for-like sales in the Nordics region edged up 3%.
Seb James, Dixons Carphone group chief executive, said: “I am very happy to be reporting a further year of good like-for-like growth over our peak trading period.
“The two-humped camel shape that emerged last year was further accentuated with an all-time record day on Black Friday and a strong promotional period after Christmas. In all territories we saw continued market share gain, especially in UK mobile.
“In the Nordics we had a huge Black Friday, but currency weakness and oil price continues to impact the Norwegian market, and so it was good to see growth despite this. In Southern Europe we have had a strong peak with our Greek business in particular going from strength to strength. Once again, customer satisfaction metrics moved forward year-on-year as did price competitiveness.”
Dixons Carphone anticipates that pre-tax profit for the full year will now be slightly above market expectations at between £440 million and £450 million.
