Dec 12, 2019
Dixons Carphone sales fall by almost a fifth but shares pick up
Dixons Carphone said revenue from its UK and Ireland mobile phone business fell by almost a fifth in its first half but reiterated its previous commitment to improve its performance in subsequent years. Revenue at the electricals business, which sells white goods such as washing machines along with computers, televisions and other domestic appliances, fell slightly although same-store sales were flat. Mr Baldock told reporters on a conference call that the expiration of legacy contracts, which feature stiff penalties for missing volume sales targets, would expire over the course of this year and that the business would generate cost savings. At its full-year results in June, Dixons warned that it would take "More pain" in its mobile business in the current year before moving on to more lenient contractual agreements with the UK's network carriers in its next financial year. Revenues in its Greek operation were up 8 per cent, following a 13 per cent rise in the year to the end of April.
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