Currys has said it made “a strong finish” to its financial year as group like-for-like sales returned to growth with an uplift of two per cent in the 16 weeks to 27 April, thanks to “improved trading momentum”.
This follows a three per cent decline in its peak trading period.
The electricals retail giant now expects its adjusted pre-tax profit for the year to 27 April to be between £115 million to £120 million – compared to a previous guidance of at least £105 million.
Alex Baldock, Currys Group Chief Executive, said the company’s performance is strengthening, with “good momentum” in the UK and Ireland, and with the Nordics “getting back on track”.
“Sales are now growing again, margins are benefiting from higher customer adoption of solutions and services, and cost discipline is good,” he explained. “All this means improved profits and, with our strong cash position, we’re well set up for the year ahead.”
