REG - Currys PLC - Profits expected to be above previous guidance

CurrysAnnouncement

03/04/2025 07:00

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RNS Number : 5065D  Currys PLC  03 April 2025

Full year profits expected to be above previous guidance

We Help Everyone Enjoy Amazing Technology

Current year guidance

In the period since 4 January 2025, trading has been robust with continued
positive like-for-like sales growth in the UK&I and the Nordics.

With less than five weeks of the financial year remaining, Group adjusted
profit before tax is now expected to be around £160m (compared to previous
guidance of £145-155m).

The Group expects to finish the year in a strong net cash position.

A full year trading update is scheduled for 21 May 2025.

 

Next scheduled announcement

The Group is scheduled to publish a trading update for the 53 weeks ending 3
May 2025 on 21 May 2025.

For further information

 Dan Homan       Investor Relations        +44 (0)7401 400442
 Tatiana Raikes  Corporate Communications  +44 (0)7885 155196
 Sofie Brewis    Brunswick Group           +44 (0)2074 045959

Information on Currys plc is available at www.currysplc.com
(http://www.currysplc.com)
Follow us on LinkedIn and X: @currysplc

 

About Currys plc

Currys plc is a leading omnichannel retailer of technology products and
services, operating online and through 715 stores in 6 countries. We Help
Everyone Enjoy Amazing Technology, however they choose to shop with us.

In the UK & Ireland we trade as Currys and in the UK we operate our own
mobile virtual network, iD Mobile. In the Nordics we trade under the Elkjøp
brand. We're the market leader in all markets, able to serve all households
and employing 24,000 capable and committed colleagues.

We help everyone enjoy amazing technology. We believe in the power of
technology to improve lives, helping people stay connected, productive, fit,
healthy, and entertained. We're here to help everyone enjoy those benefits and
with our scale and expertise, we are uniquely placed to do so.

Our full range of services and support makes it easy for our customers to
discover, choose, afford and enjoy the right technology to the full. The
Group's operations include Europe's largest technology repair facility, a
sourcing office in Hong Kong and an extensive distribution network, centred on
Newark in the UK and Jönköping in Sweden, enabling fast and efficient
delivery to stores and homes.

We're a leader in giving technology a longer life through repair, recycling
and reuse. We're reducing our impact on the environment in our operations and
our wider value chain and we aim to achieve net zero emissions by 2040. We
offer customers products that help them save energy, reduce waste and save
water, and we partner with charitable organisations to bring the benefits of
amazing technology to those who might otherwise be excluded.

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
Currys plc website or the 'X' feed does not form part of this announcement and
should not be relied on as such.

 

 

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