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Dixons carphone decline in year-on-year income



The newly-combined mobile and electrical goods retailer, Dixons Carphone, says that its first quarter trading is a "good start".
Dixons Retail, which owns Curry’s PC World, has reported a decline of 1% in yearly comparative revenues. The revenue for Carphone Warehouse declined by 17%.

The two entities, Dixons Retail and Carphone Warehouse merged in August, in a deal amounting to £3.8bn. The new group is set to join the FTSE 100 on September 22.

The group chief executive, Sebastian James, was very pleased to report a good start to the shared business. He said Dixons Carphone is in a good position to handle the constant change in this particular market and to achieve its goal of improving the lives of their customers, with technology.

Dixons Retail’s like-for-like sales increased 6% in Greece, 4% in the UK and Ireland, and 1% in the Nordic countries. The football World Cup was responsible for a large part of the boost to sales.

The like-for-like sales for Carphone dropped by 6%, mainly due to the difficult trading environment in Southern Europe.

Mr. James stated that their mobile business is still experiencing difficulty in the Portuguese and Spanish trading area.

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