Dixons Carphone has reinstated dividends after the blockade home equipment, coffee machine and game console sales boom helped regain profits.
The group listed on London UK Business Curry’s Brand ChangedSaid Wednesday that online sales of electronic devices more than doubled to £ 4.7 billion in the year to May.
The surge in demand for gadgets and devices among people stuck at home has resulted in the company achieving £ 33m in pre-tax profit, compared to a loss of £ 140m in the previous year. It also offset the impact of store closures, with similar revenues up 2% to £ 10.3 billion.
“Technology is at the heart of people’s lives,” said CEO Alex Baldock, who said that three-quarters of Dixons’ customers spend more on technology than they did before the pandemic. Entertainment habits have changed.
Blockade restrictions are still in place in countries, including the United Kingdom, and it is still unclear which blockade habits people will stick to.
Dixons said there is evidence that the market is “structurally growing after a pandemic,” but Investec analysts…
