DSG pleased with UK trading
Currys owner DSG International described its UK market as “resilient” today after it emerged like-for-like sales rose 6% in the past six months.
The group, which operates across Europe, said trading in the UK continued to be driven by flat panel, high definition televisions and laptop computers.
DSG said it was pleased with the performance of its UK and Ireland electricals division, which grew total sales by 5% in the 24 weeks to October 13 – or 6% when changes to store space are stripped out.
The company, which also owns PC World, said profits for the six months were likely to be lower year-on-year, but pointed out that it generates around half of its annual profits from the Christmas trading season.
John Collins, group chairman, said: “We are well prepared for this period and are cautiously optimistic that our product pipeline and market leading propositions will excite our customers.
“It already seems certain that products like high definition televisions, i-Pods, MP3 players, laptops, digital cameras, games consoles and satellite navigation equipment will be popular with our customers throughout Europe over Christmas.”
The firm was rebranded as DSG International from Dixons Group in 2005 to reflect its growing overseas presence and now operates in 27 countries.
