Feeds

Dixons profits up

Euro expansion and 2,000 more jobs

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

Dixons Group has increased turnover by 13 per cent to £6.5bn for the year ended 1 May 2004. Pre-tax profits for the period were up 11 per cent to £331.6m. The electronics retailer plans European expansion and will take on 2,000 more staff, 1,000 of these jobs will be in the UK.

Dixons saw two per cent growth in the computing market but a two per cent fall in PC hardware where strong unit volume growth was more than offset by price deflation. PC peripherals and accessories performed well. Mobile phone sales continued to grow strongly - up 19 per cent for the year.

John Clare, group chief executive, said the company recorded strong performance in its largest chains - Currys, PC World, Elkjop and UniEuro. Sales in the new financial year were in line with expectations.

Dixons today announced a £200m share buyback scheme funded by the sale of Wanadoo shares and Codic International. Costs associated with the closure of 106 Dixons stores are now believed to be £44m, not the £48m originally set aside.

The full results can be downloaded here.

Dixons finance director Jeremy Darroch has been approached by BSkyB to be join the broadcaster as its finance director, according to today's FT. ®

Related stories

Dixons buys MicroWarehouse UK
Dixons signs Napster promo exclusive
60 face axe at Dixons call centre

Internet Security Threat Report 2014

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.