There were no major surprises in the Q1 trading update. The UK mobile business remains weak (and was worse than our expectations) and other segments continued to be in the black. Management’s confidence is reassuring – achieve the annual guidance and implement successfully the longer-term transformation plan. No significant changes in our estimates.
05 Sep 2019
No major surprise in Q1; UK mobile remains a concern
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No major surprise in Q1; UK mobile remains a concern
Currys PLC (CURY:LON) | 63.7 0.6 1.4% | Mkt Cap: 721.8m
- Published:
05 Sep 2019 -
Author:
Nishant Choudhary -
Pages:
3
There were no major surprises in the Q1 trading update. The UK mobile business remains weak (and was worse than our expectations) and other segments continued to be in the black. Management’s confidence is reassuring – achieve the annual guidance and implement successfully the longer-term transformation plan. No significant changes in our estimates.