High-street electronic retailer Currys PLC (LSE:CURY) reported a return to growth in like-for-like sales in the final 16 weeks of its financial year ending 27 April.
Sales edged up 2% in this ‘post-peak’ period after experiencing a decline in revenues earlier in the year
Currys gave an upward tweak to its guidance for full-year adjusted pre-tax profit, excluding recently exited Greek operations, to between £115 million and £120 million, compared to "at least £105 million" previously.
The FTSE 250-listed group increased guidance in March due to “stronger trading, selling more of the solutions and services that boost margins and build customers for life, and strong cost discipline”.
Chief executive Alex Baldock said of today’s trading update: "Our performance is strengthening, with good momentum in the UK&I, and with the Nordics getting back on track.
“Sales are now growing again, margins are benefiting from higher customer adoption of solutions and services, and cost discipline is good.
“All this means improved profits and, with our strong cash position, we're well set up for the year ahead.”
There was no mention of the recent chatter regarding a takeover bid from Chinese technology giant JD.com.