Source - SMW
Dixons Carphone reports strong growth and market share gains in the first quarter with group revenue up 9% year-on-year and  like-for-like revenue up 4%.

The group reports a strong performance in the UK & Ireland for the 13 weeks to 30 July  with  like-for-like revenue up 4% and continued growth in Nordics with like-for-like revenue up 2%. 

It also saw a very good performance in southern Europe with like-for-like revenue up 13% driven by strong growth in Greece.

Group chief executive Seb James said: "We have had another very good quarter and I am happy to be reporting this level of performance today. We are delivering pleasing growth in all markets and continued high levels of customer satisfaction, and, thus far, continue to see no detectable impact of the Brexit vote on consumer behaviour in the UK.

"We have an ambitious programme of development right across the Group this year, and this is being delivered on plan. In the UK & Ireland, our exciting new eCommerce platform for Carphone Warehouse is now live, and our 3-in-1 property programme is well on track. 

"In addition, we are now able to deliver the whole Dixons Carphone small-product range to customers across 500 Carphone Warehouse stores, making us one of the biggest and most convenient click-and-collect organisations in the UK. 

"In the Nordics, we will soon start serving customers from our new, enormous, and state-of-the-art small-product warehouse in Sweden. This has been delivered on time, and slightly better than budget.

"In our Knowhow division, we continue to plan for our Leeds services pilot later this month and develop our brand and propositions. We are seeing real progress in our Connected World Services business as well, and have signed a new agreement with TalkTalk which sees us expanding our distribution activity significantly. 

"The Sprint rollout continues, and we now have 31 stores across 5 regions. The implementation of honeyBee is also going well at Sprint, and we have a strong pipeline of potential new honeyBee clients.

"Looking forward, we are optimistic about the future and about our ability to continue to outperform, without in any way being complacent. We live in a world with increasingly discerning customers and with more moving parts than ever and we will continue to succeed only by remaining nimble and determined."  

At 8:11am: (LON:DC.) Dixons Carphone share price was +8.35p at 382.55p

Related Charts

Dixons Carphone (DC.)

+3.90p (+1.24%)
delayed 18:15PM