Share Prices & Company Research

Market News

20 Jan 2021 | 07:01

Online sales boom fuels Dixons Christmas revenues

(Sharecast News) - Dixons Carphone maintained full year guidance as it reported a sharp rise in electricals revenue over the Christmas period driven by people buying televisions and computers online during the coronavirus lockdown. The company on Wednesday said like-for-like revenue from the electricals unit rose 11% in the 10 weeks to January 9. In the UK and Ireland online sales grew 121%. However mobile phone total revenue plunged 40% as its Carphone Warehouse stores were closed under Covid restrictions.

Dixons said large screen televisions, smart tech, food preparation, health & beauty and all areas of computing & gaming had been its biggest sellers.

"At present there are enforced closures of large parts of our operations across the UK, Ireland and Denmark and there is no certainty on when these will end," Dixons Carphone said.

"The business has proven that it can deliver a strong trading performance irrespective of these restrictions, and despite current store closures we expect to deliver full year profits in line with market expectations. All medium-term guidance remains as previously announced."

In a separate statement, Dixons said it had appointed Tesco finance director Bruce Marsh as chief financial officer with effect from July 12.
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 30th April 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.