Revenue boost for electronics giant

A “barnstorming” performance from its core UK and Ireland division, helped newly merged electronics retail giant, Dixons-Carphone record a 5% year-on-year jump in first half revenues.

Revenue boost for electronics giant

The group — which formally started in August, with the merger of Dixons Retail and Carphone Warehouse — yesterday reported group revenues of £4.97bn (€6.3bn) for the 31 weeks to the beginning of November.

On a geographical footing, the period saw a 6% jump in UK and Ireland revenues and a 5% increase in sales in northern Europe, where the group operates in Holland, Germany, Scandinavia and Finland. In southern Europe — Greece, Spain and Portugal — the group saw sales drop by 11%, however, though Greece did see some growth on the back of market recovery.

While no individual breakdown of results for the Irish business were offered, group chief executive Sebastian James said growth was driven by price improvements, technology launches and economic recovery. In Ireland Dixons has traditionally operated the Currys and PC World brands and Carphone Warehouse has ranked as the country’s largest independent retailer.

The group’s mobile business also contributed strongly. Carphone Warehouse owns the TalkMobile service offering, via the Vodafone network in the UK Carphone recently said it is targeting a 6% share of the Irish mobile phone operator market by 2020, with it due to launch a service on the 3 Ireland network next summer.

On its own, Carphone Warehouse Ireland has delivered losses of nearly €10m in each of the last two years.

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