Currys PLC (LSE:CURY)

£ 0.788 -0.006 (-0.76%) Market Cap: 893.19 Mil Enterprise Value: 2.16 Bil PE Ratio: 21.30 PB Ratio: 0.47 GF Score: 48/100

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Half Year 2022 Currys PLC Earnings Call Transcript

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Release Date Price: £1.13 (-9.27%)

Transcript

Operator

Good morning, and thank you for joining the Currys Half Year Results Call. I'll now hand you over to Alex Baldock, CEO.

Alex Baldock

Currys Plc - Group Chief Executive & Executive Director

Thanks, Molly. Good morning, everyone. I want to leave maximum time for your questions, so I'll be brief upfront. These are strong first half results, with strong trading behind them. We're pleased with the market share gains, the stable gross margins, in fact, better than stable gross margins, and the strong profits and free cash flow that we've thrown off.

And we're pleased that the signs of sustainability of these results, by which I mean happier colleagues and happier customers, are also continuing to head in the right direction, with the latest colleague engagement showing a further rise from what we shared at the Capital Markets Day, now to 78% and customer NPS rising 5% as well, year on two years.

So strong results, and we've done that by making more and more of our strengths. And we're a much stronger business now, technology is playing a more

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