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- The group's upgraded guidance puts it on track to deliver a result in line with last year's outcome even without the extra income from its Greek business which it sold earlier this year.
www.reuters.com/world/uk/uks-currys-upgrades-profit-outlook-2024-05-14/
Jan 18, 2024 · Currys posted “robust profits” over peak, despite UK like-for-likes falling 3% year on year, as it benefitted from stable gross margin and continued cost savings.
Mar 18, 2024 · Currys confirmed today that it did not receive any formal proposal from JD. Previously, Currys rejected a £700m takeover offer from hedge fund Elliott, saying the offer undervalued the business.
Apr 27, 2024 · Trading momentum improving throughout the year. UK credit adoption +240bps to 20.1%, and +17% growth in active accounts to 2.3m. iD Mobile growing strongly to 1.8m subscribers, +34% YoY. Colleague engagement score +3 to 81, amongst top 10% of global companies1.
Mar 18, 2024 · The bid interest had come amid an overhaul at Currys to focus on its core UK and Ireland business, with bosses striking a deal last year to sell its Greek and Cypriot arm for 200 million...
May 10, 2024 · The chain, which has about 300 stores in the UK, will publish a full-year trading update on Tuesday. It is expected to report a pre-tax profit of about £114 million for the latest year, down...
- Anna Wise
Jan 18, 2024 · Electricals retailer Currys has said its full year profit is set to come in ahead of expectations despite a drop in sales in its peak trading period. In the 10 weeks to 6 January, the retailer's UK and Ireland revenue declined by 3% while sales in the Nordics and Greece fell by 2% and 4%
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Oct 28, 2023 · Greece LFL revenue (4)%, adjusted EBIT £4m, +300% YoY – delivering another period of robust profits. Group statutory loss before tax of £(46)m, from £(548)m in prior year. Period end net debt of £(129)m – first-half cash outflow of £(32)m, compared to £(149)m outflow in prior year.
