Dixons Carphone (DC) released Q4 and FY15 results (ending 30 April 2016) broadly in-line with our estimates. In Q4, lfl revenue increased by 5% (vs Q3 16: +5%, Q2 16: +3%), largely driven by strong growth in the UK (Q4 16: +4% vs Q3 16: +5%, Q2 16: +4%) and a sequential improvement in the Nordic region (Q4 16: 9% vs Q3 16: 3%, Q2 16: 0%; led by white goods, mobile and laptops). South Europe clocked flat growth due to a strong comparable (Q4 15: +8%) and the phase-out of the laptop promotion s
03 Aug 2016
Strong performance in Q4; Brexit mires the near-term
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Strong performance in Q4; Brexit mires the near-term
Currys PLC (CURY:LON) | 61.2 0.6 1.7% | Mkt Cap: 693.7m
- Published:
03 Aug 2016 -
Author:
Nishant Choudhary -
Pages:
3
Dixons Carphone (DC) released Q4 and FY15 results (ending 30 April 2016) broadly in-line with our estimates. In Q4, lfl revenue increased by 5% (vs Q3 16: +5%, Q2 16: +3%), largely driven by strong growth in the UK (Q4 16: +4% vs Q3 16: +5%, Q2 16: +4%) and a sequential improvement in the Nordic region (Q4 16: 9% vs Q3 16: 3%, Q2 16: 0%; led by white goods, mobile and laptops). South Europe clocked flat growth due to a strong comparable (Q4 15: +8%) and the phase-out of the laptop promotion s