Confident Currys raises profit guidance despite challenging markets

UK-based electrical retailer Currys raises annual profit outlook to at least £115m after potential takeover deals with Elliott Advisors and JD.com fell through. The company reports better-than-expected recent trading, with sales in the UK, Ireland, and Nordics division growing since January 6th. Currys now expects its pre-tax profits for the year to April to be at least £115m, up from the previous estimate of between £105m and £115m. The company has been focusing on its UK and Ireland shops after selling its shops in Greece and Cyprus last year. In addition, Currys has addressed business issues at its Nordics shops, which were losing money.

March 18, 2024
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