Currys PLC (LSE:CURY)

£ 0.7965 0.0085 (1.08%) Market Cap: 902.83 Mil Enterprise Value: 2.17 Bil PE Ratio: 21.30 PB Ratio: 0.47 GF Score: 48/100

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Q3 2022 Currys PLC Trading Statement Call Transcript

Jan 14, 2022 / 09:00AM GMT

Release Date Price: £1.05 (-6.85%)

Transcript

Operator

Good day, and welcome to the Currys Peak Trading Update 2022 Webcast and Conference Call. I will now hand you over to Alex Baldock, CEO. Please go ahead.

Alex Baldock

Currys Plc - Group Chief Executive & Executive Director

Thank you, Emma, and good morning, everybody. And you heard in November that we're on a journey towards a much more valuable business by making the most of a winning business model and as a stronger business now. And today, in that context, we're going to take you through peak trading where we're outperforming the challenging market.

And first, Bruce, talk through the numbers.

Bruce Marsh

Currys Plc - Group CFO & Executive Director

Thank you, Alex. Good morning all. So let me start by reminding you of our key cash flow drivers that we spoke about at the Capital Markets Day. Our focus is fivefold: steady revenue growth, driven by a wide range of initiatives; stable gross margin; operating cost reduction, which will get us to our target 4% EBIT margin; controlled capital

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