TIDMDC.
RNS Number : 2689L
Dixons Carphone PLC
05 September 2019
5 September 2019
Trading Update for 13 weeks ended 27 July 2019
On track to meet our commitments
-- UK & Ireland electricals like-for-like revenue +2%
o Strong performance in white goods, tablets and gaming; offset
by small declines in large screen TVs against World Cup
comparatives
o Market share gains in-store and online
-- International like-for-like revenue +4%, Nordics +4%, Greece +7%
o Share gains across all markets, most significantly in Finland
and Sweden
o Online growth strong, particularly in Nordics, aided by
enhanced Click & Collect proposition
-- UK & Ireland mobile like-for-like revenue -10%
o In line with plan in what continues to be a challenging
traditional postpay market
o Progressing on business consolidation and new customer
proposition
-- Continued progress against strategic initiatives
o Credit: Further acceleration in customer Credit adoption
o Online: Growth in Electricals +14%. On track to grow UK range
by 5,000 SKUs this year
o Easy: Continued improvement in customer satisfaction
o Services: Good early traction on new protection services
-- All guidance for the year remains unchanged(1)
Alex Baldock, Group Chief Executive
"We're on track with both our trading this year and our
longer-term transformation.
In Electricals we continued to grow and win market share in all
territories and customer satisfaction further improved. The Mobile
market is as challenging as expected, underlining the need for the
decisive actions that we set out in June. We remain committed to
growing Electricals sales and headline profits in UK & Ireland
and International this year, and to this being the trough year for
Mobile losses.
Our longer-term transformation is also on track. We made further
gains in our big priorities of Online, Credit and Services to help
our customers choose, afford and enjoy amazing technology. Over
time these will drive increasing benefits for our customers and
help make us a much more sustainably valuable business.
The current political and economic climate is volatile but,
assuming no material disruption from that, we stand by our full
year guidance, as we do our longer-term commitments on EBIT margin
and cashflow(1) ."
1Q 2019/20 revenue Reported Local Like-for-
currency like
--------------------------- --------- ---------- ----------
UK & Ireland Electricals 2% 2% 2%
International 4% 5% 4%
- Nordics 4% 5% 4%
- Greece 7% 6% 7%
--------------------------- --------- ---------- ----------
Electricals 3% 3% 3%
--------------------------- --------- ---------- ----------
UK & Ireland Mobile -12% -13% -10%
--------------------------- --------- ---------- ----------
Group 0% 0% 0%
--------------------------- --------- ---------- ----------
1. All guidance is based on assumption of no major
macro-economic changes, for example no material impact from Brexit,
and the profit numbers also exclude any significant revaluation in
network debtors, up or down, which might arise from changes in the
regulatory environment or for other reasons. It is also before
implementation of IFRS16.
Next announcement
The Group will publish its interim results on Thursday 12
December 2019.
For further information
Assad Malic Group Strategy & Corporate Affairs Director +44 (0)7414 191044
Dan Homan Head of Investor Relations +44 (0)7400 401442
Amy Shields Head of External Communications +44 (0)7588 201442
Tim Danaher Brunswick Group +44 (0)207 404 5959
------------ -------------------------------------------- -------------------
Information on Dixons Carphone plc is available at
www.dixonscarphone.com
Follow us on Twitter: @dixonscarphone
About Dixons Carphone
Dixons Carphone plc is a leading multinational consumer
electrical and mobile retailer and services company, employing over
42,000 people in nine countries. We Help Everyone Enjoy Amazing
Technology, however they choose to shop with us.
We are the market leader in the UK & Ireland, throughout the
Nordics and in Greece. With a full range of services and support,
we make it easy for our customers to discover, choose and enjoy the
right technology for them, throughout the life of the product. Our
core multichannel operations are supported by an impressive
distribution network and sourcing office in Hong Kong and a
state-of-the-art repair facility in Newark, UK.
Our brands include Currys PC World and Carphone Warehouse in the
UK & Ireland and iD Mobile in the UK; Elkjøp, Elgiganten and
Gigantti in the Nordics; and Kotsovolos in Greece. Our Dixons
Travel brand has a presence across several UK airports as well as
in Dublin and Oslo, and our services are provided through Team
Knowhow in the UK, Ireland and the Nordics.
Certain statements made in this announcement are
forward-looking. Such statements are based on current expectations
and are subject to a number of risks and uncertainties that could
cause actual results to differ materially from any expected future
events or results referred to in these forward-looking statements.
Unless otherwise required by applicable laws, regulations or
accounting standards, we do not undertake any obligation to update
or revise any forward-looking statements, whether as a result of
new information, future developments or otherwise. Information
contained on the Dixons Carphone plc website or the Twitter feed
does not form part of this announcement and should not be relied on
as such.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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