Business World

Friday 20 September 2019

Dixons Carphone trading 'on track'

Pedestrians walk past a Dixons electrical retail shop in London - REUTERS
Pedestrians walk past a Dixons electrical retail shop in London - REUTERS Business Desk Business Desk

Dixons Carphone said it was "on track" with trading for the year despite being weighed down by continued heavy decline in its loss-making mobile business.

The Irish arm of Dixons Carphone said it has experienced a "strong" first quarter of 2019/2020 with increased market share across all categories including TV’s, Laptops, mobile phones and white goods.

The performance benefitted from consumer demand for technology and home appliances, as well as smart home and fitness products.

In addition, the company was boosted by sales from its Summer Black Tag event in July, which drove both footfall into stores and visits to its online store.

Online sales continued to grow on in the first quarter, the group added.

Meanwhile, in the UK the overall group reported flat revenues for the quarter to July 17, as growth in electrical sales was offset by the slump in its mobile arm.

The Carphone Warehouse owner blamed a "challenging mobile market" as it posted a 10pc slump in like-for-like sales for its UK and Ireland mobile division.

However it reported a strong performance in white goods, tablets and gaming division, which was offset by small declines in large screen TVs against World Cup comparatives.

(Additional reporting PA)

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