Dixons Carphone reports revenue rise and expects profits to increase by 17 per cent
Dixons Carphone reported five per cent growth in group revenue for the quarter ending 30 April in a trading update this morning.
The company also posted a five per cent increase in sales for the full year, with chief executive Seb James hailing a "very strong performance" in the firm's UK mobile phone business.
Like-for-like full year sales were up by six per cent in the UK & Ireland "driven by mobile phone market share gain together with good growth in electricals". The company said its pricing is "at its most competitive ever" against the rest of the market.
The group also said its acquisition of broadband and TV price comparison site Simplifydigital put the business in a good position to reap rewards from the growth of the multi-play market.
"There has been much commentary about the state of mind of UK consumers. Our view is that consumers are ready to spend but have – rightly – become more canny, and so need to be tempted with great deals and exciting new products," James said.
"We see this as encouraging; after all, launching new technology well, creating fun events and coming up with great deals for customers in both the digital and physical worlds is our stock-in-trade."
Dixons Carphone said it expects to report pre-tax profit of between £445m and £450m for the year, approximately a 17 per cent increase over last year, and in the top half of its guidance range.
The company announces its full year results on 29 June.