Dixons Carphone reported a strong Q3 trading update. Although all geographies clocked top-line growth during the quarter, the UK mobile business once again witnessed reduced trading margins. Although management is taking a series of credible steps to turnaround this segment, much more needs to be done in this regard. The incoming CEO (Alex Baldock, will join from April 2018) faces an uphill task ahead.
27 Feb 2018
Decent Q3 results; phone profitability remains under pressure
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Decent Q3 results; phone profitability remains under pressure
Currys PLC (CURY:LON) | 62.6 -0.3 (-0.7%) | Mkt Cap: 709.3m
- Published:
27 Feb 2018 -
Author:
Nishant Choudhary -
Pages:
3
Dixons Carphone reported a strong Q3 trading update. Although all geographies clocked top-line growth during the quarter, the UK mobile business once again witnessed reduced trading margins. Although management is taking a series of credible steps to turnaround this segment, much more needs to be done in this regard. The incoming CEO (Alex Baldock, will join from April 2018) faces an uphill task ahead.