REMINDER: Our user survey closes on Friday, please submit your responses here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDC..L Share News (DC.)

  • There is currently no data for DC.

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Dixons Carphone sees modest growth in first quarter

Thu, 08th Sep 2016 07:14

(ShareCast News) - Electronics retailer Dixons Carphone posted a trading update for the first quarter on Thursday, with group revenue up 9% year-on-year and like-for-like revenue improving 4% in the 13 weeks to 30 July.The FTSE 100 firm, which operates the Carphone Warehouse, Currys PC World and Dixons Travel brands among others, said performance in the UK and Ireland was "strong", with like-for-like revenue up 4%.Both like-for-like and total revenue in the region were negatively affected by around 1% from refurbishment disruption, the board said, but like-for-like revenue also improved 1% as a result of sales transferred from closed stores.Growth in like-for-like revenue was 2% in the Nordics, while Southern Europe delivered an exceptionally strong improvement of 13%, which the firm said was driven by performance in Greece."We have had another very good quarter and I am happy to be reporting this level of performance today," said group chief executive Seb James."We are delivering pleasing growth in all markets and continued high levels of customer satisfaction, and, thus far, continue to see no detectable impact of the Brexit vote on consumer behaviour in the UK."James said the company has an ambitious programme of development right across the group this year, which s is being delivered on plan."In the UK & Ireland, our exciting new eCommerce platform for Carphone Warehouse is now live, and our 3-in-1 property programme is well on track."In addition, we are now able to deliver the whole Dixons Carphone small-product range to customers across 500 Carphone Warehouse stores, making us one of the biggest and most convenient click-and-collect organisations in the UK," James explained."In the Nordics, we will soon start serving customers from our new, enormous, and state-of-the-art small-product warehouse in Sweden."James said the project was delivered on time, and slightly ahead of budget."In our Knowhow division, we continue to plan for our Leeds services pilot later this month and develop our brand and propositions."We are seeing real progress in our Connected World Services business as well, and have signed a new agreement with TalkTalk which sees us expanding our distribution activity significantly," James said."The Sprint rollout continues, and we now have 31 stores across 5 regions."He explained that the implementation of honeyBee is also going well at Sprint, and the company has a strong pipeline of potential new honeyBee clients."Looking forward, we are optimistic about the future and about our ability to continue to outperform, without in any way being complacent."We live in a world with increasingly discerning customers and with more moving parts than ever and we will continue to succeed only by remaining nimble and determined," James commented."We are lucky to have such a strong cohort of people to make this happen, and I would like to finish by thanking them for their hard work so far this year."
More News
8 Sep 2021 16:09

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
20 Aug 2021 10:40

JD Sports among worst online retailers for customer service: Which?

JD Sports among worst online retailers for customer service: Which?

Read more
12 Aug 2021 16:04

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
23 Jul 2021 13:15

DIRECTOR DEALINGS: Renalytix CFO Sterling sells USD350,000 in shares

DIRECTOR DEALINGS: Renalytix CFO Sterling sells USD350,000 in shares

Read more
21 Jul 2021 16:38

DIRECTOR DEALINGS: Ocado chair buys; Predator project director sells

DIRECTOR DEALINGS: Ocado chair buys; Predator project director sells

Read more
8 Jul 2021 15:20

EXECUTIVE CHANGES: Quixant hires from XP Power; Impax taps former MP

EXECUTIVE CHANGES: Quixant hires from XP Power; Impax taps former MP

Read more
5 Jul 2021 09:37

BROKER RATINGS: Deutsche Bank lifts Flutter to Buy; Goldman cuts IMI

BROKER RATINGS: Deutsche Bank lifts Flutter to Buy; Goldman cuts IMI

Read more
1 Jul 2021 13:45

Thursday broker round-up

(Sharecast News) - Ascential: Berenberg upgrades to buy with a target price of 485p.

Read more
30 Jun 2021 17:05

LONDON MARKET CLOSE: Lower finish fails to dent FTSE's strong quarter

LONDON MARKET CLOSE: Lower finish fails to dent FTSE's strong quarter

Read more
30 Jun 2021 12:17

LONDON MARKET MIDDAY: Stocks slide ahead of US ADP jobs report

LONDON MARKET MIDDAY: Stocks slide ahead of US ADP jobs report

Read more
30 Jun 2021 09:55

TOP NEWS: Dixons Carphone resumes dividends after online sales jump

TOP NEWS: Dixons Carphone resumes dividends after online sales jump

Read more
30 Jun 2021 08:21

LONDON BRIEFING: Dixons beats pandemic with omnichannel strategy

LONDON BRIEFING: Dixons beats pandemic with omnichannel strategy

Read more
30 Jun 2021 07:58

LONDON MARKET PRE-OPEN: Dividend contrast from Dixons and Stagecoach

LONDON MARKET PRE-OPEN: Dividend contrast from Dixons and Stagecoach

Read more
30 Jun 2021 07:01

Dixons Carphone returns to profit, resumes dividend as online sales soar

(Sharecast News) - Dixons Carphone reinstated its dividend as it swung back to profit on the back of a massive boost in online electrical goods sales during Covid lockdowns.

Read more
23 Jun 2021 16:06

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more

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.