Currys keeps profit guidance despite Nordics hit

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Currys has reported a further deterioration in trading at its Nordics business over the Christmas period but kept its recently downgraded financial guidance for its full year.

The group said like-for-like revenue in its UK & Ireland business fell 5% in the ten weeks to January 7 year-on-year.

It said sales were strong in domestic appliances and mobile, offset by weaker consumer electronics and computing. It said international profits were below forecast, reflecting a 10% sales decline in the Nordics business and continued pressure on gross margin.

 

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