Currys Upgrades FY Profit Outlook After Strong Peak Trading, Revenue Jumps 8% to £4.2B

2 days ago 2

MarketBeat

Wed, January 21, 2026 astatine 11:14 AM CST 7 min read

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Currys upgraded full-year nett guidance to £180–190m (an 11–17% year‑on‑year increase) aft what absorption described arsenic a “strong highest period,” with the apical extremity supra anterior consensus.
Group gross roseate 8% to £4.2bn successful the archetypal half, adjusted EBIT jumped 32% to £54m, escaped currency travel accrued 68% to £84m, and closing nett currency was £133m, supporting an anticipation that year‑end nett currency volition decorativeness supra the £100m target.
Services, omnichannel and recognition are driving borderline and recurring revenue: services with recurring gross grew 11% to correspond 30% of sales, UK recognition present accounts for ~24–25% of UK income with 2.9m recognition customers, portion Nordics commercialized and mobile (UK mobile +10.6%) showed beardown momentum.
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Currys (LON:CURY) reported what executives described arsenic a “strong highest period” and said it is present capable to supply full-year nett expectations pursuing trading implicit the cardinal vacation season. Management pointed to accelerating income momentum, marketplace stock gains, stronger currency generation, and continued concern successful service-led initiatives specified arsenic credit, repairs, and mobile connectivity.

Finance main Bruce explained that the group’s first-half show showed “growth crossed the board.” Group gross roseate 8% twelvemonth connected twelvemonth to £4.2 billion, portion adjusted EBIT accrued 32% to £54 million, producing adjusted EPS of £0.06. Free currency travel roseate 68% to £84 million, and closing nett currency was £133 million.

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On highest like-for-like sales, Currys reported maturation successful some operating segments:

UK & Ireland: highest like-for-like income were up 3%, pursuing 4% like-for-like maturation successful the archetypal half, leaving year-to-date like-for-like maturation astatine 3%.
Nordics: highest like-for-like income grew 12%, bringing the year-to-date inclination to 7%.

Management highlighted respective merchandise categories that performed powerfully during peak. Mobile was described arsenic “the prima of the show,” with UK mobile up 10.6% and Currys’ iD mobile virtual web relation (MVNO) adding a cardinal customers implicit the past 2 years. Other cited maturation areas included java machines (up 31%), robot level attraction (up 65%), and astute glasses (up 270%), alongside “success” successful toys, wellness and quality tech, and wearables.

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With highest trading completed, Currys provided its full-year expectations, guiding to radical nett earlier taxation of £180 cardinal to £190 million, which it said would correspond an 11% to 17% year-on-year increase. Bruce noted that the apical extremity of the scope was 5% supra statement of £180 cardinal and 10% supra the statement level anterior to the company’s interim results.