Dixons Carphone will join the FTSE 100 on 22nd September, a ‘milestone’ for the company

Dixons Carphone reports ‘good start’ for first quarter

Dixons Carphone has reported that the newly-merged company has made a ‘good start’ in its first quarter trading statement.

Dixons Retail, the owner of Currys/PC World, reported an increase in sales in the UK and Ireland by four per cent on a like-for-like basis.

As well as this, Dixons Retail also noticed an encouraging performance from Greece, with like-for-like sales up by six per cent, while the Nordics had higher sales up by one per cent on a like-for-like basis.

However, Carphone Warehouse like-for-like sales were down by six per cent due to a stronger performance in the previous year, which was up by 13 per cent on a like-for-like basis.

Sebastian James, group chief executive at Dixons Retail, said: “I am pleased to report a good start to the year and to our new shared enterprise.

“Dixons Carphone looks to be in excellent shape to tackle the perpetually shifting sands of the market and to achieve its goal of improving our customers’ lives through technology.”

Dixons Carphone will also join the FTSE 100 on 22nd September, James added: “Passing this milestone, while not dramatic in itself, is a good sign of momentum and belief in our shared future.”

The merger of Dixons Retail and Carphone Warehouse was completed on 7th August, where there are now 11 stores-in-store across the country after the merger.

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