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1. www.retailgazette.co.uk › blog › 2024Why is Currys a takeover target and how much is it worth?

   www.retailgazette.co.uk › blog › 2024

   Feb 20, 2024 · The shift in strategy came after Currys revealed its adjusted pre-tax full-year profits had plunged 38% to £119m in the year to 29 April, down from £192m, weighed down by poor performance in its ...

2. www.retailgazette.co.uk › currys-profits-plummetCurrys profits dragged down by weak Nordics performance

   www.retailgazette.co.uk › currys-profits-plummet

   Jul 6, 2023 · Aoife Morgan. Currys full-year profits have plummeted 38% after inflationary pressures caused its Nordic’s business to come to “an abrupt halt”. Adjusted pre-tax profits for the electricals ...

3. www.sharecast.com › news › news-and-announcementsCurrys shares slump as final dividend pulled, earnings fall 38%

   www.sharecast.com › news › news-and-announcements

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   Jul 6, 2023 · Group adjusted profit before tax fell 38% to £119m - at top end of guidance - due to lower Nordic profits. On a statutory basis the seller of fridges and computers company swung to a pre-tax loss ...

4. www.ii.co.uk › analysis-commentary › currys-recoveryCurrys recovery runs into profit taking after annual results

   www.ii.co.uk › analysis-commentary › currys-recovery

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   Jun 27, 2024 · The initial market reaction suggests some profit taking after a six-month run which has seen a rise of 49%, but the group is nonetheless clearly on track towards a return to form. In the meantime, the valuation is not stretched on a historical basis even at these levels, with the share price remaining down by 38% over the last three years despite the recent spike in performance.

5. www.retail-week.com › electricals › currys-profitsCurrys profits fall as Nordics success ‘brought to abrupt halt’

   www.retail-week.com › electricals › currys-profits

   Jul 6, 2023 · Currys reported profit before tax of £119m, which it said has fallen “at the top end of guidance” for the full year to April 29, 2023, despite being down 38% year on year due to “lower Nordic profits”. Currys also posted a 45% jump in full-year adjusted EBIT year on year to £170m for its core UK and Ireland division.

   • Author: Chloe Mills

6. www.reuters.com › business › retail-consumerUK's Currys drops dividend on uncertain economic outlook

   www.reuters.com › business › retail-consumer

   Jul 6, 2023 · Currys made adjusted pretax profit of 119 million pounds ($151.2 million) in the year to April 29 - in line with its latest guidance but down from the 192 million a year earlier. Revenue fell 6% ...

7. People also ask

   Why did Currys drop 38% in pre-tax profits?

   • The shift in strategy came after Currys revealed its adjusted pre-tax full-year profits had plunged 38% to £119m in the year to 29 April, down from £192m, weighed down by poor performance in its international arm.

   Why is Currys a takeover target and how much is it worth?

   www.retailgazette.co.uk/blog/2024/02/why-is-currys-takeover-target/

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   How much did Currys make in a year?

   • Currys made adjusted pretax profit of 119 million pounds ($151.2 million) in the year to April 29 - in line with its latest guidance but down from the 192 million a year earlier. Revenue fell 6% to 9.5 billion pounds.

   UK's Currys drops dividend on uncertain economic outlook

   www.reuters.com/business/retail-consumer/uks-currys-profit-weighed-down-by-weak-nordics-unit-no-final-div-2023-07-06/

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   Why did Currys lose 38% in 2023?

   • Currys full-year profits have plummeted 38% after inflationary pressures caused its Nordic’s business to come to “an abrupt halt”. Adjusted pre-tax profits for the electricals retailer plunged to £119m in the year to 29 April 2023, down from £192m, weighed down by poor performance in its international arm.

   Currys profits dragged down by weak Nordics performance

   www.retailgazette.co.uk/blog/2023/07/currys-profits-plummet/

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   How did Currys perform in the UK & Ireland market?

   • Group like-for-like sales slipped 7% to £9.5bn. Currys’ UK and Ireland business reported an adjusted EBIT increase of 45% to £170m thanks to the focus on more profitable sales, price increases and cost efficiencies in the supply chain.

   Currys profits dragged down by weak Nordics performance

   www.retailgazette.co.uk/blog/2023/07/currys-profits-plummet/

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   How much is Currys worth?

   • However, investment bank Peel Hunt predicts the retailer will not be entertaining any offer below 80p-a-share, giving it a valuation of around £900m. Similarly, Investec argues that Currys’ ‘Care and Repair’ and mobile businesses in the UK and Ireland could be worth over £1bn alone.

   Why is Currys a takeover target and how much is it worth?

   www.retailgazette.co.uk/blog/2024/02/why-is-currys-takeover-target/

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   Will Currys pay a dividend?

   • REUTERS/Peter Nicholls/File Photo Purchase Licensing Rights LONDON, July 6 (Reuters) - British electricals retailer Currys (CURY.L) said it wouldn't pay a final dividend and would be prudent in its planning, including reducing payments to its pension scheme, as it is concerned about the economic outlook in its markets.

   UK's Currys drops dividend on uncertain economic outlook

   www.reuters.com/business/retail-consumer/uks-currys-profit-weighed-down-by-weak-nordics-unit-no-final-div-2023-07-06/

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8. www.asktraders.com › analysis › currys-share-priceCurrys’ Share Price Fell 15% on Weak FY 2023 Sales and Profits

   www.asktraders.com › analysis › currys-share-price

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   Jul 6, 2023 · The company’s adjusted pre-tax profits dropped by 38% to £119 million for the year to April 29 due to the decline in most regions. Despite the lower sales recorded in the UK & Ireland, the region contributed significantly to the company’s profits by generating an adjusted EBIT of £170 million, marking a 45% improvement from last year.