Currys PLC (LSE:CURY) has said profit should outstrip market expectations this year and that it will reward shareholders after strong trading over the peak Christmas period.
Adjusted pre-tax profit growth of 23% to 31% to between £145 million and £155 million was guided in a statement on Wednesday, against consensus for £140 million.
A final dividend of around 1.3p per share was also expected to be declared for the year, Currys said, given “strong cash flow” and “momentum”.
Revenue over the peak festive season climbed by 2%, taking year-to-date sales growth to 2%.
Mobile, gaming and premium computing goods offset weaker trends in TV across the UK and Ireland, Currys flagged, while growth in the “soft” Nordics market was highlighted.
“We're pleased by our strong peak trading,” chief executive Alex Baldock commented, “we grew in both markets, continuing the trend of Currys' strengthening performance”.
“This peak, customers took advantage of our market-beating deals and best-ever availability. AI laptops, where we have 75% market share, and premium mobiles proved especially popular.
“We start 2025 confident that our strategy is working, and determined to keep building this ever-stronger Currys.”
Shares jumped 11% to 91.3p.
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