Dixons Carphone unveils pre-tax profits up by 21% after first year as merged business
Dixons Carphone today announced full-year pre-tax profits of £381m, 21% up on the previous year, as it reported on its first full financial year since the multichannel electricals-to-communications retailer was formed through the merger of Dixons Retail and Carphone Warehouse.
The pan-European company, which in the UK trades as PC World , Currys and Carphone Warehouse , all Model companies in the Internet Retailing IRUK 500
research, said group sales came in at £9.9bn in the 13 months to May 2
, 6% up on last year on a like-for-like basis.
In the UK and Ireland, revenues rose by 7% to £6.45bn, and earnings before interest and tax grew by 26% to £306m. That reflects a difference in the Carphone Warehouse financial calendar that means five extra weeks from that business were taken into account, but it also reflects a strong peak trading period, which, it said, ran from Black Friday in late November 2014 to the New Year.
Dixons Carphone is building a Connected World Services business with a focus on internet-enabled products that will play a part in the Internet of Things. In the last year it turned over £130m, reflecting the launch of Samsung Experience Stores as well as the legacy Carphone Warehouse business. The company said it was building on relationships with blue-chip partners from Samsung and Aviva to RBS and TalkTalk as well as developing its honeyBee omnichannel platform.