Dixons Carphone Plc maintained leading market positions

Dixons Carphone Plc (LONDC.), today announced trading update for the 13 weeks ended 28 July 2018

· Group like-for-like1 revenue flat, in line with expectations

o Group online revenue up 13%, with 2.6ppt increase in penetration to 21.4%

· UK & Ireland like-for-like revenue flat

o Electrical like-for-like flat. Maintained leading share position. Growth in consumer electronics supported by a successful World Cup offer against softer white goods and computing markets

o Mobile like-for-like down 1%. Maintained leading market position. Reduction in postpay as anticipated but continued share gains in SIM Only and SIM Free

· Solid International performance

o Nordics like-for-like revenue flat with good share gains driven by better availability

o Greece like-for-like revenue up 9%, strongly outperforming the market

· Full year PBT guidance of around £300m and all other guidance for the year remains unchanged

Dixons Carphone, Alex Baldock, Group Chief Executive comments:

“First quarter performance was in line with expectations. We’ve maintained or grown our leading market positions, and our full year PBT guidance of around £300m remains unchanged.

We’ve made good progress in setting a clear long-term direction for the business, one that sharpens our focus on the core, and that better joins up both our offer to customers and our business behind the scenes. I look forward to giving a fuller update on our plans and progress in December.”

                            Note: UK&I electrical like-for-like revenue flat (reported revenue flat). UK mobile like-for-like revenue (1)% (reported (7)%)