The peak trading performance was slightly below our estimates. The weakness in the UK’s electrical business was the main culprit. However, we remain optimistic as Currys continued to gain market share. The reduction in the FY21/22 PBT outlook is also marginal, when compared with the top-line performance and the ongoing consumer demand uncertainty. We expect the subsequent financial years to generate more stable and higher free cash flows. We will trim the FY21/22 estimates but our positive view ....
18 Jan 2022
Sluggish trading during the peak period!
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Sluggish trading during the peak period!
Currys PLC (CURY:LON) | 63.7 0.6 1.4% | Mkt Cap: 721.8m
- Published:
18 Jan 2022 -
Author:
Nishant Choudhary -
Pages:
3
The peak trading performance was slightly below our estimates. The weakness in the UK’s electrical business was the main culprit. However, we remain optimistic as Currys continued to gain market share. The reduction in the FY21/22 PBT outlook is also marginal, when compared with the top-line performance and the ongoing consumer demand uncertainty. We expect the subsequent financial years to generate more stable and higher free cash flows. We will trim the FY21/22 estimates but our positive view ....