Our initial view on the strategic announcements made today is neutral. On the positive side current year PBT expectation has been held and DC expects to be able to grow EBIT margins on a five-year view. The strategy emphasizes online (as expected) and credit (probably more than anticipated). But it is silent on the path towards the medium-term outcomes envisaged. We would expect profit impacts from re-positioning in the early years of the programme. Similarly, there is no update on physical s
12 Dec 2018
1H Results and Strategy Update
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1H Results and Strategy Update
Currys PLC (CURY:LON) | 61.1 0 0.0% | Mkt Cap: 692.3m
- Published:
12 Dec 2018 -
Author:
Tony Shiret -
Pages:
3
Our initial view on the strategic announcements made today is neutral. On the positive side current year PBT expectation has been held and DC expects to be able to grow EBIT margins on a five-year view. The strategy emphasizes online (as expected) and credit (probably more than anticipated). But it is silent on the path towards the medium-term outcomes envisaged. We would expect profit impacts from re-positioning in the early years of the programme. Similarly, there is no update on physical s