Dixons Carphone announced group like-for-like revenue rose 6% over Christmas and expects to deliver group headline profit before tax within the range of £365 million to £385 million.
Dixons Carphone highlighted Greece and the Nordics as the 'stars of the show' as like-for-like revenue rose by 23% and 11%, respectively. The upbeat growth in Greece was underscored by growth in mobile, large-screen TVs and white goods, while in the Nordics the company's investment in a new small product warehouse in 2017 improved availability and delivery propositions.
'Our international businesses had a terrific Christmas period with Greece enjoying its first real Black Friday and the Nordics benefiting from better availability and delivery propositions following our investment in a new small product warehouse last year,' Seb James, Group Chief Executive said.
Despite a more cautious consumer environment in the UK and Ireland, like-for-like revenue grew 3%, driven by strong performance and market share gains in large-screen TVs, SDA, mobile and gaming.
The company said it expects to deliver group headline PBT for the 2017, 2018 period in the range of £365 million to £385 million compared to a previous estimate within the range of £360 million to £400 million.
'We expect to deliver a full-year PBT in the range £365m to £385m and, with rather better cash conversion this year, we expect year-end net debt to be c. £250m,' Seb James, Group Chief Executive said.