Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video 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 sales remain flat in first quarter

Thu, 06th Sep 2018 08:18

(Sharecast News) - Dixons Carphone reported flat like-for-like revenues in the first few months of its financial year as a World Cup boost for TVs was offset by softer white goods and computing.Management said full year guidance for profit before tax of around £300m remains unchanged.Chief executive Alex Baldock, who joined in April, said "good progress" had been made to set "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". He said he would give a fuller update on plans and progress in December.Reported sales for UK and Ireland were down 2% due to currency effects, with LFL sales flat. Likewise, group sales were down 2% but flat on a LFL basis.UK mobile LFL sales were down 1% due to a continued reduction in the postpay phone market, while on the bright side there were market share gains in SIM Only and SIM Free phone sales. Apple's upcoming iPhone launch will be watched with interest.LFL sales in the Nordics were also flat, with total sales down 2%, with good market share gains driven by better availability. Greece lifted LFL revenues 9%, strongly outperforming the market, with reported revenue up 11%.Analyst Laith Khalaf at Hargreaves Lansdown said that with consumers still under pressure from weak wage growth, above-target inflation and now rising interest rates, this would continue to undermine the market for big ticket items like fridges and laptops."This isn't going to be a pretty year for Dixons Carphone, with profits expected to fall by 20%, as conditions for traditional retailers remain challenging," he said."Dixons Carphone is the last man standing on the UK high street though, and if it can provide face-to-face guidance that customers value, it can carve itself a niche in an increasingly digital marketplace. For investors, the question is how big or small that niche will be after Amazon and eBay have had their say."
More News
13 Dec 2019 09:24

UK BROKER RATINGS SUMMARY: HSBC Upgrades Both IAG And Ryanair To Buy

UK BROKER RATINGS SUMMARY: HSBC Upgrades Both IAG And Ryanair To Buy

Read more
12 Dec 2019 12:16

LONDON MARKET MIDDAY: Pound Dips As Traders Brace For UK Exit Poll

LONDON MARKET MIDDAY: Pound Dips As Traders Brace For UK Exit Poll

Read more
12 Dec 2019 10:40

UK WINNERS & LOSERS SUMMARY: John Laing Slumps On Net Asset Downgrade

UK WINNERS & LOSERS SUMMARY: John Laing Slumps On Net Asset Downgrade

Read more
12 Dec 2019 08:59

TOP NEWS: Dixons Carphone "On The Right Path" As Interim Loss Narrows

TOP NEWS: Dixons Carphone "On The Right Path" As Interim Loss Narrows

Read more
12 Dec 2019 08:45

LONDON MARKET OPEN: Pound Firm But Rocky Day Seen Ahead As UK Votes

LONDON MARKET OPEN: Pound Firm But Rocky Day Seen Ahead As UK Votes

Read more
12 Dec 2019 07:53

LONDON MARKET PRE-OPEN: Dixons Loss Narrows; PZ Cussons CEO Departs

LONDON MARKET PRE-OPEN: Dixons Loss Narrows; PZ Cussons CEO Departs

Read more
12 Dec 2019 07:33

Dixons Carphone reiterates guidance despite profit tumble

(Sharecast News) - Dixons Carphone on Thursday reported a plunge in interim profit as mobile phone sales slumped, but still held full year guidance.

Read more
5 Dec 2019 16:02

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
29 Nov 2019 10:39

UK WINNERS & LOSERS SUMMARY: Ocado Jumps On Japan Platform Deal

UK WINNERS & LOSERS SUMMARY: Ocado Jumps On Japan Platform Deal

Read more
29 Nov 2019 09:40

ThinkSmart Shares Down On Legal Proceedings Against Carphone Warehouse

ThinkSmart Shares Down On Legal Proceedings Against Carphone Warehouse

Read more
6 Nov 2019 14:34

FTSE 250 movers: Wood Group falls, M&S rallies

(Sharecast News) - London's second-tier was 0.48% lower at 20,198.20 in afternoon trade on Wednesday, with John Wood Group leading the index lower.

Read more
5 Nov 2019 13:25

RBC Capital downgrades Next, Dixons Carphone

(Sharecast News) - RBC Capital Markets downgraded its stance on shares of Next and Dixons Carphone on Tuesday as it took a look at the European general retail sector, highlighting a preference for companies showing "structural growth".

Read more
5 Nov 2019 11:57

Tuesday broker round-up

(Sharecast News) - HSBC: Berenberg downgrades to sell with a target price of 490p.

Read more
5 Nov 2019 10:38

UK WINNERS & LOSERS SUMMARY: AB Foods Rises As Primark Adds US Stores

UK WINNERS & LOSERS SUMMARY: AB Foods Rises As Primark Adds US Stores

Read more
5 Nov 2019 09:34

UK BROKER RATINGS SUMMARY: HSBC Raises Ryanair, Deutsche Bank Cuts

UK BROKER RATINGS SUMMARY: HSBC Raises Ryanair, Deutsche Bank Cuts

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.