Dixons Carphone shrugs-off Brexit worries

Sales are up for the techie retailer...

Dixons Carphone shrugs-off Brexit worries

Fabio De Paola PA Archive/PA Images

Dixons Carphone has beat forecasts and announced a 19% increase in its half-year profit.

The group is Europe's largest electronics retailer and operates as Currys, PC World and Carphone Warehouse across the UK and Ireland.

Its pretax profit in the six months to October 29th rose to €171m.

PA

Sales at stores which have been open for more than a year, enjoyed a 4% increase internationally - and had a 5% bounce in the UK and Ireland.

Seb James, Group Chief Executive, said: "Two years ago when we combined the businesses of Dixons Retail and Carphone Warehouse, we set out a strategy to create a powerful engine to help our customers navigate an increasingly complex and interconnected world. It is therefore, very encouraging again to be able to report good growth in both sales and profits across all of our businesses."

"Looking forward, we remain optimistic about our ability to continue to gain market share in all our key markets, and, while we have still not seen any effect on consumer demand as a consequence of Brexit, we have been planning for the possibility of more uncertain times ahead," Mr James continued.