Dixons Carphone Christmas sales rise for q3

Dixons Carphone

Dixons Carphone reported an increase in third quarter sales, despite a fall in mobile sales.

The group said group like-for-like revenue up were up 1% during the Christmas period. In the UK and Ireland, electrical like-for-like were up 2%.

The company said it enjoyed share gains across all categories online and in store, despite a general decline in the market.

Nevertheless, like-for-like mobile sales in the UK and Ireland down 7%.

Across international markets, like-for-like were up 5%, with the Nordics up 3% and Greece up substantially at 19%.

As a result, Dixons Carphone said that its headline guidance of approximately £300 million remains unchanged.

Alex Baldock, Dixons Carphone Group Chief Executive, said:

“Peak trading was solid and in line with expectations, producing record sales against a tough backdrop. We continued to grow our leading electrical market positions in all territories, online and instore. In UK mobile, performance was as expected. Overall, our Peak trading was disciplined and well-executed, with stable gross margins.”

He added: “We continue to make good early progress with our long term plans to deliver more engaged colleagues, more satisfied customers and a more valuable business for shareholders. It will take time and much hard work to unleash the true potential of this business, but we’re on with it. I owe a big thank you to 42,000 capable and committed colleagues for all their tremendous hard work to deliver this resilient Peak performance while getting our transformation underway.”

Back in December, shares in the electrical consumer company tumbled after reporting a £440 million loss for the half-year to 27 October.

Dixons Carphone was formed in August of 2014, as a result of a merger between mobile phone retailer Carphone Warehouse and Dixons Retail.

Shares in Dixons Carphone (LON:DC) are up +3.49% as of 10:29AM (GMT).

Previous articleShield Therapeutics appoints new chairman
Next articleUK employment hits record high, says ONS
Nicole Jeary
Nicole covers emerging global economic and political events for The UK Investor Magazine. Her focus is particularly upon company news and political developments in Europe and the US.