Currys PLC (LSE:CURY)

£ 0.7965 -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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£0.4828 (-9.67%)

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Full Year 2023 Currys PLC Earnings Call Transcript

Jul 06, 2023 / 08:30AM GMT

Release Date Price: £0.4828 (-9.67%)

Transcript

Alex Baldock

Currys plc - Group Chief Executive & Executive Director

Good morning, everybody. I guess this audience probably sees quite a few worthy corporate videos of that kind in your line of work. And I hope by the time we finish this morning, you might see that this one at least is a little different in -- yes, giving longer life to technology is very good for the planet and very good for customers' pockets, but it also makes us money. And we have a firm intention for it to make us more. I'm going to lead off and then Bruce is going to take you through the numbers. So how would I summarize what happened last year? In short, mixed, a very mixed performance. So on the one hand, we came in at the top end of the guided range on profit and on cash. And the U.K. is very strong and strengthening performance is very encouraging, not least because we can see the strategy working that lies behind it and we started this year in line.

On the other hand, the Nordics performance last year was deeply disappointing, and we remain cautious about the consumer outlook and you put those 2 things together,

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