UK's Currys says trading 'very solid' after 18% profit jump (updated)

Currys

Today 07:42

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    LONDON, July 2 (Reuters) - British electricals retailer Currys CURY.L said on Thursday trading in the early part of its new financial year had been "very solid", as it reported an 18% rise in profit for 2025/26, growing sales in both its home market and the Nordics.
Currys, which sells computers, gaming products, televisions, fridges, washing machines and mobile phones, made an adjusted profit before tax of £191 million ($254 million) in its year to May 2, on revenue up 6% to £9.25 billion.

    Like-for-like revenue in the UK & Ireland division rose 3% as Currys bucked the trend of a generally subdued retail sector. Nordics revenue increased 6% on the same basis.
  

    Last month, Currys named the boss of its Nordics business, 
    Fredrik Tønnesen
    , as its new group chief executive, succeeding Alex Baldock.
  

    Baldock, CEO for eight years and the architect of Currys' turnaround, will leave the firm on August 31 and will become CEO of health and beauty retailer Boots' in the autumn.
  

    The group said that although there continued to be macro uncertainty, it was comfortable with analysts' average forecast for adjusted pretax profit to increase to 198 million pounds in its 2026/27 year.
  
($1 = 0.7520 pounds)

 (Reporting by James Davey; editing by Sarah Young and Kate Holton)
 ((james.davey@thomsonreuters.com))