Currys plc (LSE:CURY) has delivered a strong start to the financial year, posting a 3% rise in like-for-like sales in the UK & Ireland and a 2% increase in its Nordic operations. Alongside the growth, the company unveiled a £50 million share buyback program as it continues to prioritize profitable sales and disciplined cost management.
Management remains confident in the group’s growth prospects, with a particular focus on expanding new categories and services. A key milestone includes reaching a target of at least 2.5 million iD Mobile subscribers by the end of the year. The company’s emphasis on recurring revenue streams and prudent capital deployment is expected to support stronger returns and profitability over time.
Currys’ outlook reflects stable financial performance and a favorable valuation profile. Although technical indicators point to weak momentum, strong cash flow and a low P/E ratio underpin the investment case. Profitability challenges persist, but the stock’s resilient base suggests potential for recovery.
About Currys plc
Currys plc is a leading omnichannel retailer of consumer technology, serving customers through 708 stores across six countries as well as online platforms. In the UK & Ireland, it operates under the Currys brand and runs its own mobile network, iD Mobile. In the Nordics, the group trades as Elkjøp. Currys employs more than 24,000 people and is a market leader in all the regions where it operates.
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