1/3/2008 2:09:00 PM
DSG issues profit warning
DSG issued a profit warning this morning following a poor festive performance by the electrical retailer.
The parent company of Currys and PC World said it expected full year profit to be £40 - £50 million lower than current expectations.
Group chairman Sir John Collins said: ‘Overall trading for this important period, in which over half our annual profits are usually generated, has been disappointing, particularly in the UK, Italy and Spain.’
The poor performance was blamed on ‘disappointing’ computer sales and lower year-on-year sales of accessories.
After the warning was issued DSG’s share price fell by 21%.