Dixons hit by Italian weakness
22/11/2006 - 08:20:56Currys owner DSG International took the gloss off an encouraging trading performance in the UK today when it revealed sales had dived in Italy.
In light of a 10% decline in like-for-like sales at UniEuro in Italy, DSG said profits for the first half of its financial year were likely to be similar to a year ago. One analyst had been looking for a 20% improvement.
DSG chief executive John Clare said the UK posted a pleasing performance, with the core Currys electricals brand achieving a 5% rise in same-store sales.
He added that it appeared “certain” that products such as high definition television, i-Pods, laptops and MP3 players would be popular this Christmas.
DSG shares were down 6% following the trading update today.
