Dixons Carphone has announced strong results in its first full year trading statement, performing well in the UK mobile market.
Revenues for the Group, who are set to publish its full year results next month, were up 13% for Q4 compared to last year, with full year revenues up 8% on 2014. Dixons Carphone are predicting higher than expected profits before tax (PBT) which were previously forecast within £355m and £375m.
Sebastian James, group chief executive, said that these results were due to ‘market share gain and ‘strong promotional periods’. Dixons Carphone’s results come in the middle of a transitional period; by autumn it will have moved its head office, logistics and repair centres, as well as opened 280 new mobile stores in a move to further integrate staff.
He said: ‘Nearly a year into our merger, I am very pleased to be posting such a strong first full year trading statement for our combined Dixons Carphone Group. Good trading, driven by market share gain and by strong promotional periods - including Easter - coupled with successfully streamlining the Group’s international assets, means that we are now guiding PBT to be slightly above the top end of our previously disclosed range for the full year.
‘By the autumn, in the UK, Ireland and Sweden, we will have moved our head offices, begun moving our logistics and our repair centres, built integrated management teams and opened almost 280 new mobile stores. This is tricky to achieve - to say the least - and I would like to record my thanks to the teams for making it look so comparatively easy.’
Dixons Carphone’s results follows on from a strong year of trading in which the company disposed of its non-core operations in Germany and Netherlands and launched its new iD MVNO in the UK.