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 2024 Currys PLC Trading Statement Call Transcript

Jan 18, 2024 / 09:00AM GMT

Release Date Price: £0.4938 (+8.62%)

Transcript

Operator

Good morning and welcome to Currys peak trading update webcast. I will now hand over to CEO, Alex Baldock. Please go ahead.

Alex Baldock Currys PLC;CEO

Thank you. So good morning, everybody. A few words from me before Bruce and I take your questions. In short, a pretty successful peak. We did what we said we do, which is getting the Nordics back on track and is now in recovery, keeping up some encouraging momentum in the UK and Ireland business. And looking ahead, we now expect profit to be ahead of consensus. And on the back of strong balance sheet and liquidity, we think that we're well set to build on this strengthening performance as and when the consumer sentiment rebound.

In December, we updated you on a solid first half performance. And the sales during peak were mostly consistent with our first half trend with the exception of the Nordics, which saw a significant improvement from minus 6 to minus 2% nudging up the group like-for-like trends slightly from minus four to minus three. What sold well? Well first of all, mobile was a really

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