Dixons Carphone has posted a statutory loss before tax of £259 million for the year to 27th April, compared with a profit of £289 million for the previous year. The losses were attributed in part to a write-down on the value of its Carphone Warehouse mobile business and store chain.
Alex Baldock CEO Dixons Carphone commented: “In UK mobile, the market is changing in the way we described in December, but doing so faster. So we’re moving faster to respond: we’ve renegotiated all our legacy network contracts, we’re developing our new customer offer, and are accelerating the integration of mobile and electricals into one business. This means taking more pain in the coming year when mobile will make a significant loss.”
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