Dixons Carphone has announced a strong closure to FY20/21 (lfl sales at +12% in 25 weeks ended 24 April). The full-year adjusted PBT is guided to be in line with market consensus despite the decision to repay the £73m furlough benefit to the UK government. The closure of Dixons Travel is not a surprise, despite the knee-jerk reaction by the market. We continue to believe in the strength of the business and maintain a positive stance on the stock’s valuation.
29 Apr 2021
Strong show continues; curtain on Dixons Travel irks market
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Strong show continues; curtain on Dixons Travel irks market
Currys PLC (CURY:LON) | 61.1 0 0.0% | Mkt Cap: 692.3m
- Published:
29 Apr 2021 -
Author:
Nishant Choudhary -
Pages:
3
Dixons Carphone has announced a strong closure to FY20/21 (lfl sales at +12% in 25 weeks ended 24 April). The full-year adjusted PBT is guided to be in line with market consensus despite the decision to repay the £73m furlough benefit to the UK government. The closure of Dixons Travel is not a surprise, despite the knee-jerk reaction by the market. We continue to believe in the strength of the business and maintain a positive stance on the stock’s valuation.