Feeds

Dixons posts 5% rise in profits

Good laptop sales balance weak PC business

  • alert
  • submit to reddit

Dixons today reported a five per cent rise in profits for the year ended April 28, 2001.

Excluding exceptional items and losses from ISP Freeserve, the retailer saw pre-tax profit of £277.8 million, compared to £263.7 million the previous year.

Pretax profit before exceptionals rose 37 per cent to £647.1 million, while sales grew 20 per cent to £4,643 million.

The company described sales performance in May as "disappointing", but said overall performance "improved significantly" in June.

Dixons said its retail division had strong sales in mobile phones, digital cameras, camcorders, and PC peripherals. But it added that good growth in laptop sales was "more than offset by a weak market for consumer desktop PCs".

"We expect continued volatility in our markets, with periods of strong growth in individual market segments being followed by a period of contraction, before growth is resumed," the company said in a statement.

"This has already happened in the PC market and is likely to occur with mobile phones."

Sir Stanley Kalms, Dixons chairman, commented: "We will continue to expand our activities in the UK and Europe.

"We are confident this will create long-term shareholder value and reinforce our position as Europe's leading electrical retailer." ®

Related Link

Dixons statement

Related Stories

Sire Stanley Kalms' Desert Island Discs
Dixons staff get windfall from Freeserve sale

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.