16th December 2015
As Dixons Carphone reports its interim results, Ian Forrest, investment research analyst at The Share Centre, explains what they mean for investors…
Consumer electronics retailer Dixons Carphone reported a good set of interim figures today, boosted by what it described as a ‘strong’ Black Friday which provided it with a great start to the critical Christmas trading period.
Profits in the first half rose 23% to £121m which was above market expectations although came in below forecasts.
Dixons Carphone reported market share gains across its European regions, including the UK, giving it the confidence to raise its interim dividend by 30% to 3.25p per share up against consensus of 3 pence.
We continue to recommend Dixons Carphone as a ‘Buy’ for medium risk investors seeking both growth and income due to its strong sales momentum, the potential boost to retailers from the fall in the oil price and the benefits of scale provided by the merger last year.