Dixons Carphone posted H1 FY15-16 results ahead of consensus as well as our estimates, outperforming the sluggishness in the broader market and withstanding competition from online companies. The lfl revenue growth reported at 5% was primarily driven by the retail market's strength, registering market share gains, particularly in the UK (H1: 7%, Q2: 4%) with the Store-within-a-store (SWAS) strategy helping the mobile segment along with the benefit from the exit of rival Phones 4U last year. D
30 Dec 2015
H1 powered by the UK and synergies; potential uptick in CWS segment
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H1 powered by the UK and synergies; potential uptick in CWS segment
Currys PLC (CURY:LON) | 62.8 0.3 0.6% | Mkt Cap: 712.4m
- Published:
30 Dec 2015 -
Author:
Vibha Issar - Pages:
Dixons Carphone posted H1 FY15-16 results ahead of consensus as well as our estimates, outperforming the sluggishness in the broader market and withstanding competition from online companies. The lfl revenue growth reported at 5% was primarily driven by the retail market's strength, registering market share gains, particularly in the UK (H1: 7%, Q2: 4%) with the Store-within-a-store (SWAS) strategy helping the mobile segment along with the benefit from the exit of rival Phones 4U last year. D