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Dixons Carphone PLC (DC.)

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daveh
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Dixons Carphone PLC (DC.)

#207335

Postby daveh » March 13th, 2019, 8:14 am

Were naughty boys and girls between the end of 2008 and 2015 and have been fined £29.1m by the FCA
www.investegate.co.uk/article.aspx?id=2 ... 6662S&fe=1

The FCA has concluded an investigation into Geek Squad mobile phone insurance selling processes at The Carphone Warehouse Ltd that took place between December 2008 and June 2015 and has identified key areas where, in that period, the FCA has determined that the company did not meet expected standards. In concluding the investigation, the FCA has imposed a fine of £29.1m on the company, inclusive of the discount applied on early settlement.


As previously disclosed, the Group took certain provisions as a charge to non-headline profits at its interims on 12 December 2018 and these were also included within the exceptional cashflow guidance given for FY19/20 at the time. As a consequence, there is no impact from today's announcement to the Group's guidance given at its trading update on 22 January.

daveh
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Re: Dixons Carphone PLC (DC.)

#230920

Postby daveh » June 20th, 2019, 9:10 am

Dixons Carphone released their full year results today. I've started discussion on the HYP board here:

viewtopic.php?f=15&t=18187


Not well received, down 16% to 102 last I looked, the dividend cut announced in the interims continued in the finals so full year dividend of 6.75p (17/18 11.25p). Dividend to be held next year. Mobile business to be loss making next year (but cash generative!).

daveh
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Re: Dixons Carphone PLC (DC.)

#249565

Postby daveh » September 5th, 2019, 1:13 pm

1st qtr trading update:
http://www.investegate.co.uk/article.as ... 2689L&fe=1

· UK & Ireland electricals like-for-like revenue +2%
o Strong performance in white goods, tablets and gaming; offset by small declines in large screen TVs against World Cup comparatives
o Market share gains in-store and online

· International like-for-like revenue +4%, Nordics +4%, Greece +7%
o Share gains across all markets, most significantly in Finland and Sweden
o Online growth strong, particularly in Nordics, aided by enhanced Click & Collect proposition

· UK & Ireland mobile like-for-like revenue -10%
o In line with plan in what continues to be a challenging traditional postpay market
o Progressing on business consolidation and new customer proposition

· Continued progress against strategic initiatives
o Credit: Further acceleration in customer Credit adoption
o Online: Growth in Electricals +14%. On track to grow UK range by 5,000 SKUs this year
o Easy: Continued improvement in customer satisfaction
o Services: Good early traction on new protection services

· All guidance for the year remains unchanged1



Results overall don't look that bad, but it seems that Dixons might have been better off without carphone warehouse as the mobile phone business still seems to be suffering.

idpickering
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Re: Dixons Carphone PLC (DC.)

#270582

Postby idpickering » December 12th, 2019, 1:06 pm

H1 2019/20 Interim Results

Here; https://www.investegate.co.uk/dixons-ca ... 00135924W/

Also on HYP Practical for HYPer chat.

Ian.

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Re: Dixons Carphone PLC (DC.)

#278876

Postby daveh » January 21st, 2020, 8:24 am

Trading statement can be found here:

https://www.investegate.co.uk/dixons-ca ... 00063795A/

UK & Ireland Electricals like-for-like revenue +2%
o Broad based growth with strength in TVs, Gaming, Smart Tech and Small Domestic Appliances
o Accelerating market share gains in-store and online, against market down over -3%
o Online growth +7%
o Margin investment in improved customer proposition and unambiguous price promise
· International like-for-like revenue +3%; Nordics +3%, Greece +6%
o Good growth in Domestic Appliances and Kitchens
o Growing market leading position in Nordics, Norway and Finland particularly strong
o International online growth +5%
o Margin supported as customer club members drove better in-store sales
· UK & Ireland Mobile like-for-like revenue -9%
o Performance in line with expectations
· Strategic initiatives progressing well
o Online / Multichannel: UK&I online-in-store sales +140%. Nordics click & collect +22%
o Credit: UK&I Electricals credit penetration up >3%pts, transactions on credit +40% yoy
o Services: Increased adoption of set-up and protection services
o Mobile: On track to launch new mobile offer in H1 2020/21
· On track to meet targets - no change to financial guidance given at Interim results

Breelander
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Re: Dixons Carphone PLC (DC.)

#278999

Postby Breelander » January 21st, 2020, 5:34 pm

You really cannot make this stuff up!

Due to a clerical error, the previous version of the announcement showed Group Reported sales growth as "2%", the correct growth is now shown as "-2%"
https://www.investegate.co.uk/dixons-ca ... 40514853A/

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Re: Dixons Carphone PLC (DC.)

#279071

Postby SlickMongoose » January 21st, 2020, 11:25 pm

Breelander wrote:You really cannot make this stuff up!

Due to a clerical error, the previous version of the announcement showed Group Reported sales growth as "2%", the correct growth is now shown as "-2%"
https://www.investegate.co.uk/dixons-ca ... 40514853A/


Well that's embarrasing. Does nobody proofread their announcements?


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