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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Currys PLC Peak Trading Statement Call Transcript

Jan 18, 2023 / 09:00AM GMT

Release Date Price: £0.6675 (+11.34%)

Transcript

Operator

And welcome to the Currys Peak Trading Update Webcast and Conference Call. This meeting is being recorded. At this time, I would like to turn the conference over to Alex Baldock, Group Chief Executive. Please go ahead.

Alex Baldock

Currys plc - Group Chief Executive & Executive Director

Thanks, Sergey. Good morning, everybody. I'll run through Peak Trading and what's behind it before Bruce and I take your questions. At this peak, Currys U.K. performance continued to strengthen, but international had a tough time and faces intense, but we still believe not permanent pressures that have substantially disrupted that market. And where that leaves us overall is confidence. Confidence to stand by our guidance for this year and also confidence in our medium term ambitions.

Let's turn to the topline first, peak like-for-likes in the U.K. were down 5%, an improvement on the first half trend. But international were down 7%, with Nordics down 10%, a market-driven deterioration on the first half -- the first half sales with market share staying pretty stable.

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