Speakers from Touchstone Exploration, Shanta Gold, Savannah Resources and Kavango Resources feature in our Natural Resources webinar on May 25th. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDixons Carphone Share News (DC.)

Share Price Information for Dixons Carphone (DC.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 134.60
Bid: 134.50
Ask: 134.70
Change: 0.00 (0.00%)
Spread: 0.20 (0.15%)
Open: 133.70
High: 134.70
Low: 132.80
Yest. Close: 133.60
DC. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

Dixons Carphone mulls Nordic listing as sales rise

Thu, 10th Sep 2020 07:01

(Sharecast News) - Dixons Carphone said it was considering a minority listing of its Nordics business as the electricals retailer reported strong trading supported by online sales.


Like-for-like sales rose 14% in the 15 weeks to the end of August from a year earlier as online sales increased 124%. UK and Ireland like-for-like sales rose 12% and were up 20% in the 9 weeks to the end of August.

UK and Ireland online sales more than tripled while stores were closed in May and June and rose 122% in the following nine weeks.

The owner of Currys and PC World said it was considering a partial share offering for its Nordics business in 2021. The Nordics business was the strongest performer in the 17 weeks to the end of August with total sales up 17% and online business up 49%.

Sales at stores at airports and stations fell 90% with most outlets closed. Dixons said this reduced total sales by about 5% and reduced the company's gross margin.

Alex Baldock, Dixons chief executive, said: "In the UK and Ireland alone we grew online sales by more than £500m in four months, growth that stayed strong even as stores reopened.

"We're also in the early stages of exploring the option of listing a minority stake of our Nordics business next year. This would shine a light on the value of the Nordics business whilst retaining it as part of the group."

Baldock said despite strong current trading the outlook was uncertain and Dixons was cautious about business prospects. Many economists expect the economy to hit further trouble as unemployment rises and the deadline for a Brexit trade deal approaches.

Dixons said it was in a net cash position and has access to more than £1.3bn of debt facilities. Baldock said the company had enough liquidity for any economic outcome.

More News

Dixons Carphone to become Currys in move to single brand

(Sharecast News) - Dixons Carphone said it would change its name to Currys and replace all its brands with the Currys label to trade under a single identity.

13 May 21 10:46

TOP NEWS: Dixons Carphone to become Currys as retailer plots rebrand

TOP NEWS: Dixons Carphone to become Currys as retailer plots rebrand

13 May 21 10:36

BROKER RATINGS: UBS raises Pearson and Barclays downgrades Dixons

BROKER RATINGS: UBS raises Pearson and Barclays downgrades Dixons

29 Apr 21 09:41

LONDON BRIEFING: Shell nears debt target to trigger higher payouts

LONDON BRIEFING: Shell nears debt target to trigger higher payouts

29 Apr 21 08:17

TOP NEWS: Dixons Carphone travel arm on chopping block; group sales up

TOP NEWS: Dixons Carphone travel arm on chopping block; group sales up

28 Apr 21 09:35

LONDON MARKET PRE-OPEN: Covid costs hit Sainsbury; Lloyds profit jumps

LONDON MARKET PRE-OPEN: Covid costs hit Sainsbury; Lloyds profit jumps

28 Apr 21 07:55

Dixons Carphone to repay furlough money as online sales soar

(Sharecast News) - British retailer Dixons Carphone said it was repaying £73m in government furlough money after online sales of electrical goods more than doubled in the year to April 25 offsetting the impact of store closures during the Covid lockdowns.

28 Apr 21 07:33

Carphone Warehouse closes all Irish stores, to lose almost 500 jobs

Carphone Warehouse closes all Irish stores, to lose almost 500 jobs

21 Apr 21 15:11

Friday broker round-up

(Sharecast News) - Dixons Carphone: RBC Capital Markets downgrades to sector perform with a target price of 150p.

16 Apr 21 13:17

LONDON MARKET MIDDAY: Stocks keep rising as IPO market hots up

LONDON MARKET MIDDAY: Stocks keep rising as IPO market hots up

16 Apr 21 12:21

BROKER RATINGS: RBC upgrades WH Smith and downgrades Dixons Carphone

BROKER RATINGS: RBC upgrades WH Smith and downgrades Dixons Carphone

16 Apr 21 09:49

LONDON MARKET OPEN: FTSE 100 surges past 7,000 as China economy grows

LONDON MARKET OPEN: FTSE 100 surges past 7,000 as China economy grows

16 Apr 21 09:02

RBC Capital downgrades Dixons, upgrades WHSmith

(Sharecast News) - RBC Capital Markets downgraded Dixons Carphone on Friday after a recent strong run, but upgraded its stance on shares of WHSmith.

16 Apr 21 08:40

LONDON BRIEFING: FTSE 100 index tops 7,000 points as IPOs keep coming

LONDON BRIEFING: FTSE 100 index tops 7,000 points as IPOs keep coming

16 Apr 21 08:09

LONDON MARKET CLOSE: Stocks fall as caution sets in ahead of Fed

LONDON MARKET CLOSE: Stocks fall as caution sets in ahead of Fed

17 Mar 21 16:51

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.