Dixons Carphone reported H1 FY16/17 results slightly ahead of our estimates. Lfl revenue increased by 4% (Q2 FY16/17: +4%, Q1 FY16/17: +4%; our estimate: +3.3%), on the back of strong demand for mobile handsets, white goods and other consumer electronics in the UK (+5% lfl vs our estimate: +3.5%; c.65% of the group’s revenue). Despite tough competition, the Nordics clocked organic sales growth of 2% (Q2 FY16/17: +2%; Q1 FY16/17: +2%; our estimate: +2.5%; c.27% of the group’s reven
02 Jan 2017
Business remains strong; pressure on profitability
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Business remains strong; pressure on profitability
Currys PLC (CURY:LON) | 63.7 0 0.0% | Mkt Cap: 721.8m
- Published:
02 Jan 2017 -
Author:
Nishant Choudhary -
Pages:
3
Dixons Carphone reported H1 FY16/17 results slightly ahead of our estimates. Lfl revenue increased by 4% (Q2 FY16/17: +4%, Q1 FY16/17: +4%; our estimate: +3.3%), on the back of strong demand for mobile handsets, white goods and other consumer electronics in the UK (+5% lfl vs our estimate: +3.5%; c.65% of the group’s revenue). Despite tough competition, the Nordics clocked organic sales growth of 2% (Q2 FY16/17: +2%; Q1 FY16/17: +2%; our estimate: +2.5%; c.27% of the group’s reven