Dixons Carphone Plc (LONDC.), today announced trading update for the 13 weeks ended 28 July 2018
· Group like-for-like1 revenue flat, in line with expectations
o Group online revenue up 13%, with 2.6ppt increase in penetration to 21.4%
· UK & Ireland like-for-like revenue flat
o Electrical like-for-like flat. Maintained leading share position. Growth in consumer electronics supported by a successful World Cup offer against softer white goods and computing markets
o Mobile like-for-like down 1%. Maintained leading market position. Reduction in postpay as anticipated but continued share gains in SIM Only and SIM Free
· Solid International performance
o Nordics like-for-like revenue flat with good share gains driven by better availability
o Greece like-for-like revenue up 9%, strongly outperforming the market
· Full year PBT guidance of around £300m and all other guidance for the year remains unchanged
Dixons Carphone, Alex Baldock, Group Chief Executive comments:
“First quarter performance was in line with expectations. We’ve maintained or grown our leading market positions, and our full year PBT guidance of around £300m remains unchanged.
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. I look forward to giving a fuller update on our plans and progress in December.”
|
1Q 2018/19 revenue |
Reported revenue % change |
Local currency % change |
Like-for- like1 % change |
|
UK & Ireland |
(2)% |
(2)% |
0% |
|
Nordics |
(2)% |
1% |
0% |
|
Greece |
11% |
11% |
9% |
|
Group |
(2)% |
(1)% |
0% |
Note: UK&I electrical like-for-like revenue flat (reported revenue flat). UK mobile like-for-like revenue (1)% (reported (7)%)
