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Dixons reports rising sales at Currys and PC World | Dixons reports rising sales at Currys and PC World |
(35 minutes later) | |
Dixons Retail, the owner of Currys and PC World, has reported growth in sales in the last 12 months. | Dixons Retail, the owner of Currys and PC World, has reported growth in sales in the last 12 months. |
The company said like-for-like sales grew by 4% in the year to April, although trading in southern Europe continued to perform badly. | The company said like-for-like sales grew by 4% in the year to April, although trading in southern Europe continued to perform badly. |
It said it expected underlying profits before tax to be at the top end of market expectations of £75-85m. | |
Sales fell 8% in Italy, Greece and Turkey, where economic growth has been relatively weak. | Sales fell 8% in Italy, Greece and Turkey, where economic growth has been relatively weak. |
Dixons also said trading at its online electric retail site, PIXmania, "continues to be very challenging". | Dixons also said trading at its online electric retail site, PIXmania, "continues to be very challenging". |
Sales at the website were down 24% for the year. | |
In contrast, sales at UK and Ireland operations, which consist of Currys, Currys Digital, PC World and Dixons.co.uk, grew 7%. | |
Dixons.co.uk closed in October last year, though PC World and Currys continue to trade online, alongside PIXmania. | |
Chief executive Sebastian James said he believed the company had "a clear business model that allows us to flourish in an internet world". | |
"We remain steadfastly focused on sorting out our businesses in more challenged markets and, in particular, PIXmania," he said. | |
"Above all, we are enjoying the feeling of a little wind in our sails and we want to make sure that, in spite of continued economic uncertainty, this carries on into next year and beyond." |
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