6th Sep 2018 09:26
LONDON (Alliance News) - Dixons Carphone PLC on Thursday said Greece was its only region to report increased reported or like-for-like revenue growth in the first quarter of its financial year.
The FTSE 250-listed electricals and telecoms retailer said reported revenue grew 11% in Greece, with like-for-like revenue up 9%.
In contrast, reported revenue fell 2% in both the company's UK & Ireland and Nordics regions and like-for-like revenue stayed flat. Overall group revenue dropped 2% and stayed flat on a like-for-like basis.
Within the UK & Ireland, electrical like-for-like revenue was flat while mobile phone like-for-like revenue dropped 1% due to a reduction in postpay. The company said its has continued to see share gains within its SIM Only and SIM Free products.
Overall online group revenue was up 13% with a 2.6 percentage point increase in penetration to 21.4%.
"First quarter performance was in line with expectations. We've maintained or grown our leading market positions, and our full year pretax profit guidance of around GBP300 million remains unchanged," said Chief Executive Alex Baldock.
"We've made good progress in setting a clear long-term direction for the business, one that sharpens our focus on the core, and that better joins up both our offer to customers and our business behind the scenes," said Baldock.
Dixons shares were up 2.6% at 168.45 pence on Thursday.
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