Dixons Carphone reports “no detectable” Brexit impact

Added 8th September 2016

Dixons Carphone shares climbed by 4.25% to 390.1p on Thursday morning after the company emphasised it continues to see “no detectable impact of the Brexit vote on consumer behaviour in the United Kingdom.”

Dixons Carphone reports “no detectable” Brexit impact

The Brexit vote has not proved a major headwind for Dixons Carphone in the 13 weeks to 30 July 2016, the company confirmed, as like-for-like group revenue was up 4%.

Group chief executive Seb James said the group had delivered “pleasing growth in all markets” and had not seen customer demand wane as a result of the EU referendum.

In the UK and Ireland, the electrical retailer saw like-for-like revenue growth of 4% but its real standout performance was in southern Europe where revenue rose 13%, “driven by strong growth in Greece.” 

James added that the group’s ecommerce platform, one of its major new projects in the UK and Ireland, was up and running and its 3-in-1 property programme, involving the merger of its remaining PC World stores with Currys and addition of a Carphone Warehouse section within the store, was also well on track.  

“Looking forward, we are optimistic about the future and about our ability to continue to outperform, without in any way being complacent,” he said. “We live in a world with increasingly discerning customers and with more moving parts than ever and we will continue to succeed only by remaining nimble and determined.”

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