Dixons Carphone plc releases Christmas 2016/17 Trading and Management Update

London, 2017-Jan-24 — /EPR Retail News/ —

Trading update (10 weeks ended 7 January 2017)

Q3 2016/17 revenue Year-on-year
Sterling
Year-on-year
local currency
Like-for-like1
UK & Ireland 4% 3% 6%
Nordics 15% 1% (1)%
Southern Europe 24% 6% 5%
CWS 38% 34% n/a
Group 8% 3% 4%

1 Like-for-like revenues are calculated based on Headline store and internet sales using constant exchange rates. New stores are included where they have been open for a full financial year both at the beginning and end of the financial period. Revenues from franchise stores are excluded and closed stores are excluded for any period of closure during either period. Customer support agreement, insurance and wholesale revenues along with revenue from Connected World Services and other non-retail businesses are excluded from like-for-like calculations. Revenues from Carphone Warehouse stores-within-a-store are included in like-for-like

Note
In the UK & Ireland, like-for-like revenue improved by approximately 4% as a result of sales transferred from closed stores. This mainly affected UK&I electricals, where year-on-year sales for these products were +5% with like-for like revenue at +9%. We anticipate that this programme will be substantially complete by the end of the financial year.

Seb James, Group Chief Executive, said:

“I am pleased to be reporting another good Christmas period of growth – our fifth consecutive year. At a time of significant political uncertainty around the World, it was heartening to see that customers were choosing to enjoy the benefits that new technologies could bring to their lives during this holiday season. This year, as a result of our scale in all of our markets, we were able to offer prices that were truly ground-breaking during both our Black Friday week and our annual Boxing Day week sales – while maintaining margins – and we believe that we have outperformed the market during the period. As a result, and despite the fact that there is quite a bit of the year to go, we anticipate a meaningful uplift in year-on-year profitability this year over last and confirm our outlook in line with market consensus at £475m-£495m of headline profit before tax for the year ending 29 April 2017.

It was interesting to see the shape of peak trading this year: Black Friday was our biggest ever across the Group and in the UK we saw trading stretch further across the week as well. Customers across the Nordics have taken Black Friday truly to their hearts, although the Nordic market was a little quieter than normal across the period. The Nordic team took the decision to optimise margins which were up year-on-year as a consequence. In all markets it was a strong year online with significant growth, including white goods. Patchy availability of the larger, higher margin phones and tablets made these categories tougher this year but – on the other hand – offers up opportunities for next year where we do not expect the same issues. Large screen TV, in our view a bellweather for consumer sentiment, showed a solid performance over peak in all markets which we were glad to see. Finally, the KNOWHOW trial in Leeds is achieving fantastic NPS levels and we are also delighted to welcome a very experienced and senior CEO for this division, Feilim Mackle, with a remit to transform and grow our successful services proposition.

Generating a successful Christmas means starting planning in January, and the teams are already hard at work making sure that our next Christmas season will be even better. I would like to thank my remarkable, hard-working and resilient colleagues for the time and effort that they have put in over this holiday period to achieve these results. I am very proud to be a part of this great company, as we look forward to another year of innovation and growth.”

Investor and analyst webcast

There will be a management presentation for investors and analysts at 09:00 am (GMT) this morning. The presentation will be broadcast on our website, www.dixonscarphone.com via a listen-in only webcast.

Dial-in – UK/Int’l: +44 (0) 20 3059 8125; passcode: 6389 (to be quoted to the operator)

Seven-day replay – UK/Int’l: +44 (0) 121 260 4861; passcode: 5028006 followed by #

Next announcement

The Group will publish its Q4 trading update Wednesday 24 May 2017.

Information on Dixons Carphone plc is available at www.dixonscarphone.com

Follow us on Twitter: @dixonscarphone and @DCSebJ

About Dixons Carphone

Dixons Carphone plc is Europe’s leading specialist electrical and telecommunications retailer and services company, employing over 42,000 people in eleven countries.

Focused on helping customers navigate the connected world, Dixons Carphone offers a comprehensive range of electrical and mobile products, connectivity and expert after-sales services from the Geek Squad and Knowhow.

Dixons Carphone’s primary brands include Carphone Warehouse, CurrysPCWorld and Simplifydigital in the UK & Ireland, Elkjøp, Elkjøp Phonehouse, Elgiganten, Elgiganten Phonehouse, Gigantti and Lefdal in the Nordic countries, Kotsovolos in Greece, Dixons Travel in a number of UK & Ireland airports and Phone House in Spain. Our key service brands include Knowhow in the UK, Ireland and the Nordics, and Geek Squad in the UK, Ireland and Spain.

Business-to-business (B2B) services are provided through Connected World Services (including honeyBee software products), PC World Business and Carphone Warehouse Business. Connected World Services aims to leverage the Group’s existing expertise, operating processes and technology to provide a range of services to businesses.

Dixons Carphone was voted ‘Retailer of the Year’ at the Retail Week Awards 2016.

Certain statements made in this announcement are forward-looking. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from any expected future events or results referred to in these forward-looking statements. Unless otherwise required by applicable laws, regulations or accounting standards, we do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Information contained on the Dixons Carphone plc website or the Twitter feed does not form part of this announcement and should not be relied on as such.

Contact:

Kate Ferry
IR, PR & Corporate Affairs Director
+44 (0)7748 933 206

Mark Reynolds
Head of Investor Relations
+44 (0)7979 696 498

Hannah Collyer
Head of Media Relations
+44 (0)7834 256 775

Nick Cosgrove, Helen Smith
Brunswick Group
+44 (0)207 404 5959

Source: Dixons Carphone

Pets at Home Group’s Non-Executive Chairman Tony DeNunzio appointed to the Board of Dixons Carphone plc as Senior Independent Director

LONDON, 2015-12-21 — /EPR Retail News/ — On 16 December 2015, Tony DeNunzio, Non-Executive Chairman of Pets at Home Group Plc, was appointed to the Board of Dixons Carphone plc as a Senior Independent Director.

This disclosure is given in accordance with Listing Rule 9.6.14.

Enquiries
Pets at Home Group Plc:
+44 (0)161 486 6688
Louise Stonier, Company Secretary and Group Legal Director
 

About Pets at Home
Pets at Home Group Plc is the UK’s leading specialist pet omnichannel retailer and services provider. Pets at Home operates from 405 stores located across the UK. The Group operates the UK’s largest small animal veterinary business with 353 practices, run principally under a Joint Venture model using the Vets4Pets and Companion Care brand names, and a specialist referral vet hospital. Pets at Home is the UK’s leading operator of pet grooming services offered through its 190 grooming salons. The Group also operates 3 specialist High Street based dog stores, called Barkers, as well as Ride-away, an equine retail business with a superstore and website. For more information visit: http://investors.petsathome.com/

SOURCE: PETS AT HOME

Board appointments at Dixons Carphone plc

LONDON, 2015-12-16 — /EPR Retail News/ — Dixons Carphone plc (the “Company”) is pleased to announce the appointments of Lord Livingston of Parkhead as Deputy Chairman of the Board and Tony DeNunzio CBE as Senior Independent Director, both appointments are with effect from today. Lord Livingston will chair the Remuneration Committee and become a member of the Nominations Committee. Tony DeNunzio CBE will become a member of the Remuneration and Nominations Committees.

Ian has previously held the position of Chief Executive Officer at BT Group plc from 2008 to 2013, prior to that he was Chief Executive Officer, BT Retail and Group Chief Financial Officer of BT. From 2013 to May 2015, Ian was Minister of State for Trade and Investment and he is currently a Non-Executive Director of Celtic plc and Belmond Ltd. Ian also served as Chief Financial Officer of Dixons Group plc between 1996 and 2002, having served in a number of roles over more than a decade in the company.

Tony was previously President and Chief Executive Officer of Asda/Walmart UK from 2002 to 2005. Tony is Non-Executive Chairman of Pets at Home Group Plc, Non-Executive Director of PrimaPrix SL and Senior Adviser at Kohlberg, Kravis, Roberts & Co L.P. He was previously Non-Executive Director of Alliance Boots GmbH and Chairman of Maxeda Retail Group BV.

There are no matters in connection with these appointments to be disclosed under section 9.6.13 of the Listing Rules of the UK Listing Authority.

The Company also announces that Roger Taylor will stand down as Deputy Chairman of the Board with effect from today. Roger has been Deputy Chairman since July 2013 and prior to this he was Chief Executive Officer of Carphone Warehouse plc. John Gildersleeve also steps down with effect from today. John has been a Non-Executive Director of the Company for 15 years and most recently was Chairman of the Remuneration Committee.

Sir Charles Dunstone, Chairman, said:

“I am very pleased to be able to announce the appointments of two such experienced and talented new members of our Board. I feel that, in Ian and Tony, we have found perfect additions to our distinguished Board, which give us very helpful additional expertise in our core business of retail and our developing telecoms and B2B services areas.

At the same time, it is with enormous gratitude and some sadness that I announce that Roger Taylor and John Gildersleeve are stepping down from the Board. Roger has been an integral part of the development and success of Carphone Warehouse for over 17 years, while John has been in various vital non-executive roles for over 15 years. Both have made very significant contributions to the Company over many years and I would like to thank them most sincerely for everything that they have done. I know that they will remain friends and counsellors to us in the future.”

For further information

Kate Ferry IR, PR & Corporate Affairs Director +44 (0)7748 933 206

Mark Reynolds Head of Investor Relations +44 (0) 7979 696 498

Hannah Collyer Head of Media Relations +44 (0) 7834 256 775

Nick Cosgrove, Helen Smith Brunswick Group +44 (0)207 404 5959

Information on Dixons Carphone plc is available at www.dixonscarphonegroup.com

Follow us on Twitter: @dixonscarphone and @DCSebJ

About Dixons Carphone:
Dixons Carphone plc is Europe’s leading specialist electrical and telecommunications retailer and services company, employing over 40,000 people in 9 countries.

Focused on helping customers navigate the connected world, Dixons Carphone offers a comprehensive range of electrical and mobile products, connectivity and expert after-sales services from the Geek Squad and KNOWHOW.

Dixons Carphone’s primary brands include Carphone Warehouse, Currys and PC World in the UK & Ireland, Elkjøp, Elgiganten, Gigantti and Lefdal in the Nordic countries, Phone House in Spain, Sweden and Norway, Kotsovolos in Greece and Dixons Travel in a number of UK & Ireland airports. Our key service brands include KNOWHOW in the UK, Ireland and the Nordics, and Geek Squad in the UK, Ireland and Spain.

Business-to-business (B2B) services are provided through Connected World Services, PC World Business and Carphone Warehouse Business. Connected World Services aims to leverage the Group’s existing expertise, operating processes and technology to provide a range of services to businesses.

Certain statements made in this announcement are forward-looking. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from any expected future events or results referred to in these forward-looking statements. Unless otherwise required by applicable laws, regulations or accounting standards, we do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Information contained on the Dixons Carphone plc website or the Twitter feed does not form part of this announcement and should not be relied on as such.

SOURCE: Dixons Carphone plc.

Currys PC World announces baking star Luis Troyano as a new ambassador

LONDON, 2015-8-25— /EPR Retail News/ — Today (21st August), Currys PC World announces baking star Luis Troyano as a new ambassador. As part of his activity with the retailer to promote their range of small kitchen appliances and cookware, Luis will be creating three stunning dessert recipes, designed to inspire the nation to get into the kitchen.

Following on from his stint as a finalist in 2014’s Great British Bake Off, Luis has released his first cookbook,Bake It Great, influenced by his Spanish upbringing and full of family recipes handed down by generations. The amateur chef, whose creations were coined to be “pure alchemy” by Paul Hollywood, wrote the book to help break down the perceived complexity of baking and to help bakers of all abilities create beautiful recipes.

With Currys PC World recording a significant demand for small kitchen products, it would appear that aspiring bakers around the UK have taken inspiration once again from the show. Sales of bakeware – including cake tins, decorating accessories and bowls – are up 222% YOY, while kitchen scales are also up 25%.

Matthew Higginson, Head of Category for Small Domestic Appliances at Currys PC World, says: “We are delighted to be working with Luis – he’s such an inspiration to home-bakers and we hope his fabulous range of exclusive recipes will demonstrate that all you need is a little bit of passion and the right tech to create fabulous desserts at home.

“Our small kitchen appliance and cookware ranges boast a fantastic offering for our customers so it’s great to have Luis on board to showcase what baking magic you can create with them.”

Luis Troyano added: “Food remains my passion, and experimenting in the kitchen is something I love to do on a daily basis. With the right tools, even the most amateur baker can create stunning desserts that show flair in the kitchen and the range at Currys PC World has everything you need to help you do that.”

To view the full range of small kitchen appliances and cookware, please visit www.currys.co.uk/baking.

For Luis’s exclusive recipes, please refer to the contact information below.

– ENDS –

For further information, please contact the Currys & PC World Press Office:

M&C Saatchi PR / dixonscarphone@mcsaatchi.com / 0207 544 3600
Jovana Rajacic / jovana.rajacic@mcsaatchi.com / 0203 617 8460

About Currys PC World:
Currys PC World are part of Dixons Carphone plc, Europe’s leading specialist electrical and telecommunications retailer and services company, employing over 40,000 people in 9 countries.

Focused on helping customers navigate the connected world, Dixons Carphone offers a comprehensive range of electrical and mobile products, connectivity and expert after-sales services from the Geek Squad and KNOWHOW.

Combining Dixons Retail’s successful and sustainable multi-channel approach to electrical retailing, with Carphone Warehouse, one of Europe’s largest independent telecommunications retailers, Dixons Carphone plc began trading as a merged entity on 7 August 2014.

For more information about Currys & PC World, please visit www.currys.co.uk or www.pcworld.co.uk
Follow us on: @curryspcworld

SOURCE: Dixons Carphone plc.

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Currys PC World announces baking star Luis Troyano as a new ambassador

Currys PC World announces baking star Luis Troyano as a new ambassador