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Dixons Carphone expects more

Dixons Carphone (DC.) has upgraded annual forecasts after a solid performance in the final quarter.
June 3, 2015

Dixons Carphone (DC.) - the company formed through the merger of electricals chain Dixons and mobile phone retailer Carphone Warehouse last year - has said annual pre-tax profits will be "slightly above" the top end of a previously guided range between £355m and £375m. That's because fourth quarter like-for-like sales grew 9 per cent and full-year like-for-like sales pulled ahead by 6 per cent.

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The group did particularly well in the UK and Ireland with like-for-like sales improving by 13 per cent in the final quarter. A weaker performance in the Nordics was blamed on the oil price and the Spanish market is still proving "tough".