Currys Plc Raises FY2025 Profit Guidance Amid Strong Sales

Currys Plc reports robust trading with a raised profit outlook. Strong sales in the UK&I and Nordics bolster expectations for fiscal 2025 profits.

Date: 03-04-2025

AI Rating: 8

Positive Sales Growth and Increased Profit Outlook

Currys Plc's latest trading update reveals robust performance since January 4, leading the company to increase its profit forecast for fiscal 2025. The expected adjusted profit before tax has risen to approximately £160 million, higher than previous guidance of £145 million to £155 million. This increase reflects a strong demand for technology products and has the potential to boost investor confidence.

The company's consistent like-for-like sales growth, specifically in the UK and Nordics, indicates a healthy demand for its offerings amidst a competitive retail environment. It suggests that Currys is successfully attracting and retaining customers, which is crucial for maintaining long-term growth.

Additionally, Currys is projected to conclude the fiscal year with a strong net cash position. This financial stability may enable the company to invest in future growth initiatives, enhance shareholder returns, or weather potential economic downturns effectively.

Overall, this trading update points to positive momentum for Currys Plc, and it may encourage investors to consider increased exposure to the retail technology sector.

Stocks: CURY.L