Strong demand for tablet computers helps Dixons sales surge
Thursday 16 May 2013
Dixons' chief executive Sebastian James said he has "wind in his sails" as he reported a continuing recovery at the electrical retailer, and the City is beginning to believe the story.
The company, which also owns PC World, said profits for the year would be at the top of City forecasts, about £85m, thanks to strong demand for tablet computers in particular.
Sales in the fourth quarter are up 7 per cent overall, and up 13 per cent in the UK and Ireland, where the company particularly benefited from the demise of Comet.
It said it would like to sell Pixmania, though closure of the loss-making e-commerce business was an option.
Mr james said: "This strong year puts Dixons in the best position it has been in for many years. We have worked hard to improve the conversation that we have with our customers and to improve our shops and our prices. Above all we are enjoying the feeling of a little wind in our sails."
Analysts at Panmure Gordon described the fourth-quarter sales as "stonking" and advised clients to buy the shares up to 45p. The stock added 3.49p to 40p.
Oscar Pistorius trial: Defence witness contradicts athlete version
Oscar Pistorius trial: The case against Oscar Pistorius – and why the prosecution claims his story doesn't add up
South Korea ferry: Captain Lee Joon-seok could face criminal investigation as over 280 remain missing
Peaches Geldof dead: Private funeral for the family and friends of the socialite will take place next week
Shropshire criminals ‘using unmanned drones and infrared cameras to find illegal cannabis farms’ – and then steal from the growers
The food poverty scandal that shames Britain: Nearly 1m people rely on handouts to eat – and benefit reforms may be to blame
US Navy christens huge $3 billion destroyer ship USS Zumwalt that appears as a fishing boat on enemy radar
Scottish independence: It is the English who should be on their knees, begging the Scots to vote ‘No’
Nigel Farage fatigue? Half of voters ‘immune’ to Ukip’s appeal
Nigel Farage on Have I Got News For You: Ukip leader ridiculed over expenses and party 'fruitcakes'
Nigel Farage: I’m taking on the status quo, and the Establishment’s fighting back
- 1 Poveglia: 'World's most haunted island' up for sale...is anyone brave enough to buy it?
- 2 The Hobbit: There and Back Again set for possible title change
- 3 Video of British Muslims dancing to Pharrell Williams's hit Happy attacked as 'sinful'
- 4 24 people applied for the 'world's toughest job', here are their interviews
- 5 Andre Johnson: Wu-Tang Clan-discovered rapper severed his penis and jumped from LA building
iJobs Money & Business
£150.00 per week: QA Apprenticeships: This company has been providing on site ...
£221.25 per week: QA Apprenticeships: This company is a well established Inter...
£40000 - £50000 per annum: Harrington Starr: Client Relationship Manager - SQL...
£35000 - £50000 per annum: Pro-Recruitment Group: Take your chance to join the...