Strong finish to the year with increased profit expectations

  • Currys expects full-year profit before tax to be between £115m-£120m
  • UK and Ireland sales up 2% for the 16 weeks ended 27 April
  • Revenue in Nordic business rose 2% despite a challenging market
  • Cost saving measures are offsetting inflation
  • Currys completed disposal of Greek business for £175m

Currys has announced that it anticipates its full-year profit before tax to be in the range of £115m-£120m, surpassing its previous guidance of £105m. The company reported a strong finish to the year, with sales in the UK and Ireland increasing by 2% over the 16-week period ending on 27 April. Despite a challenging market, revenue in Currys’ Nordic business also rose by 2%. The company attributed its improved profitability to cost-saving measures that have offset inflation. Additionally, Currys completed the disposal of its Greek business for an enterprise value of £175m on 10 April. Alex Baldock, the group chief executive, expressed confidence in the company’s performance and thanked the dedicated employees for their contributions to Currys’ success.

Factuality Level: 8
Factuality Justification: The article provides specific details about Currys’ financial performance, including profit expectations, sales growth, cost-saving measures, and disposal of its Greek business. The information is clear and directly related to the main topic without unnecessary digressions or bias. It appears to be well-researched and accurately reported.
Noise Level: 3
Noise Justification: The article provides relevant information about Currys’ financial performance, including profit expectations, sales growth, cost-saving measures, and disposal of its Greek business. It stays on topic, supports its claims with data, and offers insights into the company’s future prospects.
Financial Relevance: Yes
Financial Markets Impacted: Currys and its Nordic business
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification:

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