Results are in 3 Jun 2015 08:30
UK electricals and phones retailer Dixons Carphone has dialled up yet another good set of results as it prepares to mark its first year since it was created through a £3.7bn merger.
The company, which was formed though the merger of the electricals chain Dixons and mobile phone retailer Carphone Warehouse, said it is expecting group profit before tax to be "slightly above" the top of end of a previously guided range between £355m and £375m, after like-for-like revenue grew 9 per cent in the fourth quarter.
The fourth quarter performance marks another improvement on the nine weeks to January 3, when group like-for-like revenue was up by 7 per cent.
Sebastian James, chief executive, said:
Nearly a year into our merger, I am very pleased to be posting such a strong first full year trading statement for our combined Dixons Carphone Group. Good trading, driven by market share gain and by strong promotional periods - including Easter - coupled with successfully streamlining the Group's international assets, means that we are now guiding PBT to be slightly above the top end of our previously disclosed range for the full year.
Prior to Wednesday's update analysts were forecasting full year revenue of £10.5bn and pre-tax profit of £367.3m, according to Bloomberg.