Dixons Carphone has announced a 6% growth in Group like-for-like revenue over the Christmas period this year.
On a regional level, the strongest performers were Greece and the Nordics where like-for-like revenues rose by 23% and 11% respectively. The firm also showed like-for-like growth of 3% in the UK and Republic of Ireland.
The company expects to deliver a full-year profit before tax in the range £365m- £385m and, with rather better cash conversion this year, expects year-end net debt to be around £250m.
Revenue growth in general was driven by strong performance and market share gains in large-screen TVs, SDA, mobile and gaming with continued market share gains in MDA and maintained share in computing.
Mobile like-for-like sales were up 8% benefiting from the phasing of iPhone X as well as substantial market share growth in SIM free handsets and SIM only
Commenting on the latest update, Seb James, Group Chief Executive, said: Looking forward we continue to keep our antennae twitching for any material change in consumer behaviour, but remain relentless in our focus on providing the best value, choice, and service to our consumers.
“For the remainder of this year we have an early Easter, a new Samsung phone and the first week or two of our World Cup promotion to look forward to, and work continues on redefining and refocusing our Carphone Warehouse business to be a simpler, less capital-intensive model."
New face at the helm
This will be one of the last announcements from James as Dixons Carphone today announced the appointment of Alex Baldock as Group Chief Executive from April 2018.
James, who has been with the business for six years, is to step down at the end of the financial year and shortly after join Walgreens Boots Alliance.
Baldock is currently Group CEO of Shop Direct, the online retailer, a position which he has held since 2012.
The market responded positively to Dixon Carphone’s latest news with the share price up 1.25% in early morning trading at 190.25.