Feeds

Dixons profits up

Euro expansion and 2,000 more jobs

  • alert
  • submit to reddit

Website security in corporate America

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

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Hey, Scots. Microsoft's Bing thinks you'll vote NO to independence
World's top Google-finding website calls it for the UK
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
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.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.