Dixons Carphone’s FY20/21 results were in line with our expectations. The adjusted PBT came in at £156m, led by a strong show in the UK&I electrical business. The turnaround of the mobile business remains on track. The current trading has been positive in both UK&I and international segments. We believe DC will be able to achieve the guidance of 4% EBIT margin in the forecast years. No change in the stock recommendation.
01 Jul 2021
Strong FY20/21 results, clubbed with improved guidance!
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Strong FY20/21 results, clubbed with improved guidance!
Currys PLC (CURY:LON) | 61.8 -1.1 (-2.8%) | Mkt Cap: 699.9m
- Published:
01 Jul 2021 -
Author:
Nishant Choudhary -
Pages:
3
Dixons Carphone’s FY20/21 results were in line with our expectations. The adjusted PBT came in at £156m, led by a strong show in the UK&I electrical business. The turnaround of the mobile business remains on track. The current trading has been positive in both UK&I and international segments. We believe DC will be able to achieve the guidance of 4% EBIT margin in the forecast years. No change in the stock recommendation.