Dixons Carphone reports a strong performance for the year to 29 April with like-for-like revenues up 4% and headline pre-tax profits up 10%.
Group headline revenue increased 3% on a local currency basis and 9% in sterling terms to £10,580 million (2015/16: £9,736 million).
Like-for-like revenue growth was 4%, reflecting growth across all divisions.
Headline EBIT was up 8% to £517 million (2015/16: £478 million).
Headline profit before tax was £501 million (2015/16: £457 million), with a reduced year-on-year interest charge.
- Total statutory profit before tax of £386 million (2015/16: £263 million) after non-headline charges of £115 million (2015/16: £194 million).
- Free cash flows of £160 million (2015/16: £202 million) and net debt broadly flat year-on-year at £271 million
- Final dividend of 7.75p (2015/16: 6.50p) proposed, taking total dividends for the year to 11.25p (2015/16: 9.75p), up 15% year-on-year
Group chief executive Seb James said: "Over the last few years a great deal of work has been done to make the company stronger, lower risk and more resilient.
"We are seeing the upside of these efforts now as we declare record headline profits before tax of over half a billion pounds - up 10%.
"More importantly, the improvement in our cost base, the strong leadership position that we have built, the investment that we have made in our digital business and, above all, the enormous shift in customer satisfaction and price competitiveness that we have driven leave us well positioned to flourish in the years ahead.
"While the UK consumer environment seems to be holding up for us, there will undoubtedly continue to be changes in the way people buy all of the products that we sell from phones to washing machines.
"Change always represents opportunity, and our job is to find the propositions that keep us compelling to our customers forever.
"We are excited about our plans in services and about the myriad of initiatives that will drive long-term relationships with our customers.
"In short, it has been a good year for Dixons Carphone and it gives me great pleasure once again to thank my 43,000 colleagues for the work that they have done to deliver so well and so energetically for our customers."