The Channel logo


By | Kat Hall 21st January 2015 10:58

Mega-firm Carphone Dixons toasts £375m profit forecast

Unlikely to bring cheer to 800 made redundant since merger

Dixons Carphone Warehouse has raised its profit expectation for its first financial year 2014/15 to £355m-£375m, following a bumper Christmas trading period.

The firm owns Currys, PC World and Carphone Warehouse and was formed by of a £3.7bn merger between Dixons Retail and Carphone Warehouse in May last year.

In the nine weeks to 3 January, the mega retailer reported a revenue increase of seven per cent. However, it did not release an overall sales figure.

Rouglhy a fortnight ago, El Reg revealed that 800 UK staffers have been made redundant or put at risk of redundancy since the mega merger – around two per cent of roles.

In a conference call this morning, Sebastian James, group chief executive, said that overall the deal was a "job-creating merger", with the workforce expected to grow by four per cent. A reduction of two per cent ascribed to duplicated roles is now largely complete, he said.

"It is easier to find jobs for people in organisation in a time of growth and [the recent results] been helpful for our colleagues [in that respect]."

The company did not go into detail about its Christmas sales, but noted laptops were "back into growth" while tablet sales were "down substantially."

It also reported that a "restructuring programme" is underway in the Netherlands and Germany, with the company exiting some of the retail market.

The company now employs 40,000 people across 12 countries. ®

comment icon Read 1 comment on this article or post a comment alert Send corrections


Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella

Chris Mellor

Thousands of layoffs announced as spinning rust enters its death spiral


STRASBOURG, JUNE 29, 2016: The seat of the European Parliament. by Marco Aprile for shutterstock. EDITORIAL USE ONLY
Plan b, image via Shutterstock
EU workers, new markets: post-Brexit pressure on May & Co
Tough question, pic via Shutterstock
Honest mistake with your licensing? Audit police look at it on a 'case by case basis'