Dixons Carphone revenue surges 9pc in first quarter

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Sales in the UK and Ireland up two per cent from last year as retailer claims to have seen no noticeable impact post-Brexit

Dixons Carphone saw group revenue surge nine per cent year-on-year in its first quarter, with sales in the UK and Ireland also up.

Reporting its financial results for the 13 weeks ending July 30, like-for-like revenue in the home regions increased four per cent. It doesn’t break down figures.

The retailer said its new eCommerce platform for Carphone Warehouse is now live, and its 3-in-1 property programme – housing Carphone, Currys and PC World under one roof – is “well on track”.

In addition, it said it is now able to deliver the whole Dixons Carphone “small product range” to customers across 500 Carphone stores,claiming this makes it one of the biggest and most convenient click-and-collect organisations in the UK.

It also revealed it had signed a new agreement with TalkTalk which sees it expanding its distribution activity “significantly”.

 

In the Nordics, like-for-like revenue was up two per cent. Here, Dixons Carphone said it will soon start serving customers from its “new, enormous, and state-of-the-art small-product warehouse in Sweden, which it said has been delivered on time, and “slightly better than budget”.

 

Elsewhere, revenue in Southern Europe increased 13 per cent from the same period a year ago.

Dixons Carphone Group chief executive Seb James said: “We have had another very good quarter and I am happy to be reporting this level of performance today.

“We are delivering pleasing growth in all markets and continued high levels of customer satisfaction, and, thus far, continue to see no detectable impact of the Brexit vote on consumer behaviour in the UK.”

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