Dixons Carphone Group profits rise 24 per cent in first year

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UK profits also rise 26.4 per cent in first full results for combined consumer electronics and mobile phone retailer

Dixons Carphone grew both revenue and profits in its first full year of trading as a combined company.

During the 13 months ending 2 May 2015, group revenues increased six per cent to £9.93 billion (2013: £9.75 billion) with post-tax profits up 24 per cent to £293 million (£236 million).

The figures are pro forma results for its continuing businesses which exclude a number of disposals in Germany and other territories which the company made during the year.

In the UK headline pro forma revenues grew by eight per cent to £6.5 billion (2013: £6 billion) with headline proforma profits also increasing 26.4 per cent to £306 million (£242 million).

“This has been a terrific first year for Dixons Carphone,” said group chief executive Sebastien James. “We have seen excellent increases in both sales and profitability and we have made very encouraging progress with the tricky job of integrating these two great companies.

“At the same time, we have continued to generate strong customer satisfaction numbers, made significant strides in our Connected World Services business including our agreement with Sprint, and launched a brand new mobile network.”

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