Dixons Carphone PLC Dixons Carphone Q1 2015/16 Trading statement (6104Y)
10 Septembre 2015 - 8:01AM
UK Regulatory
TIDMDC.
RNS Number : 6104Y
Dixons Carphone PLC
10 September 2015
Dixons Carphone plc
Strong start to year, with UK and Ireland like-for-like revenues
up 10%
Highlights (Q1 2015/16, 13 weeks ended 1 August 2015)
-- Group like-for-like revenues up 8%
-- Continued momentum in the UK and Ireland, with like-for-like revenues up 10%
-- Good performance in the Nordics with like-for-like revenues up 4%
-- Flat like-for-like revenues in Southern Europe with improving
trading in Spain and growth in Greece despite challenging
markets
-- CWS announces an agreement with Sprint Corporation to open and manage stores in the US
-- Integration on track
Pro forma Headline like-for-like(1)
revenues
UK & Ireland 10%
Nordics 4%
Southern Europe 0%
Group 8%
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Sebastian James, Group Chief Executive, said:
"This is a very encouraging first quarter with excellent growth
for the Group overall, showing strong like-for-like revenues in the
UK driven principally by significant market share gain in phone
sales. Against the World Cup last year I was also pleased to see
growth in UK electricals. At the same time, we have continued to
see improvements in customer satisfaction and price competitiveness
through the period and across all our major territories. Our Nordic
business has also experienced decent growth overall against a
slightly less buoyant market backdrop.
Our multi-channel proposition continues to make good headway
against our competitors, both on and offline, and we continue to
invest in those areas that will ensure our long term profitability:
service, delivery options, expansion of free warranty, digital
marketing and Norwegian price competitiveness. Work has started
well on our new venture with Sprint in the US and we are opening
our first stores next week. The integration is also going smoothly
with our UK head-office move on track and the new management
structures in place and working well.
Overall, a very good start to the trading year but I am aware
that there is plenty of the year left to go. In the next quarter we
will anniversary the startlingly successful iPhone6 launch, the
consolidation of the mobile market and, later in the year, an
extraordinary Black Friday. Nevertheless, our whole team believes
that the business is in very good shape to have another successful
year, and I look forward to giving a further update at the interims
in December."
(1) Like-for-like revenues are calculated based on Headline
store and internet sales using constant exchange rates. New stores
are included where they have been open for a full financial year
both at the beginning and end of the financial period. Sales from
franchise stores are excluded and closed stores are excluded for
any period of closure during either period. Customer support
agreement, insurance and wholesale revenues along with revenue from
Connected World Services and other non-retail businesses are
excluded from like-for-like calculations. Revenues from Carphone
Warehouse stores-within-a-store are included in like-for-like.
Investor and analyst call
There will be a conference call for investors and analysts at
7:30 am (BST) this morning. The call will also be broadcast on our
website, www.dixonscarphone.com via a listen-in only webcast.
Dial-in details - UK/International: +44 (0) 20 3003 2666;
passcode: 5339762
Seven-day replay - UK/International: +44 (0) 20 8196 1998;
passcode: 5339762
Next announcement
The Group will publish its interim results on Wednesday, 16
December 2015.
For further information
IR, PR & Corporate
Kate Ferry Affairs Director +44 (0)7748 933 206
Mark Reynolds Head of Investor Relations +44 (0)7979 696 498
Hannah Collyer Head of Media Relations +44 (0)1727 203 041
Nick Cosgrove, Helen
Smith Brunswick Group +44 (0)207 404 5959
Information on Dixons Carphone plc is available at www.dixonscarphone.com
Follow us on Twitter: @dixonscarphone and @DCSebJ
About Dixons Carphone
Dixons Carphone plc is Europe's leading specialist electrical and telecommunications
retailer and services company, employing over 40,000 people in 9 countries.
Focused on helping customers navigate the connected world, Dixons Carphone
offers a comprehensive range of electrical and mobile products, connectivity
and expert after-sales services from the Geek Squad and KNOWHOW.
Dixons Carphone's primary brands include Carphone Warehouse, Currys
and PC World in the UK & Ireland, Elkjøp, Elgiganten, Gigantti
and Lefdal in the Nordic countries, Kotsovolos in Greece, Dixons Travel
in a number of UK & Ireland airports and Phone House in Spain, Sweden
and Norway. Our key service brands include KNOWHOW in the UK, Ireland
and the Nordics, and Geek Squad in the UK, Ireland and Spain.
Business-to-business (B2B) services are provided through Connected
World Services, PC World Business and Carphone Warehouse Business.
Connected World Services aims to leverage the Group's existing expertise,
operating processes and technology to provide a range of services to
businesses.
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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 company news service from the London Stock Exchange
END
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