Click For Photo: https://regmedia.co.uk/2016/12/14/shutterstock_carphone.jpg?x=1200&y=794
Dixons Carphone execs handed out their numbers to world+dog today, showing profits plummeting by more than half in the firm’s half-year results. The plunge was chalked up to UK customers skipping mobile upgrades - a move that could signal further closures across its stores.
For the six months to December, group profit before tax dropped to £61m, compared to £154m the same time last year, and sales fell 3 per cent to £4.6bn.
Profit - UK - Ireland - Cent - Year
Profit in the UK and Ireland plunged 73 per cent to £34m from £130m the year before. However like-for-like sales, taking into account its existing store closure programme, were down 2 per cent to £3bn.
During 2017 DixCar shut 134 stores in the UK, as part of its 3-in-1 store concept, merging the PC World and Currys outlets into its Carphone Warehouse stores. The company now has 1,078 shops in total with around 700 Carphone Warehouse stores.
Group - Exec - Seb - James
Group chief exec Seb James said:
"We recognise that the performance of the mobile division needs addressing, and are taking action to adapt our model in order to cement our place in a changing world.
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