Electricals retailer Currys has today posted a 6% rise in underlying sales over its 10-week Christmas trading period after particularly strong growth in its Nordics business, prompting it to lift its annual profit outlook.
Currys said it was now expecting pretax profit of between £180-190m, as much as 5% more than the previous consensus forecast, and compared to the £162m it made in 2024/25.
The group, which sells consumer electricals such as computers, gaming products, televisions, fridges and washing machines, said underlying sales in the Nordics were up 12% in the 10 weeks to January 10, in what it called a "standout" performance.
The Nordics accounts for about 40% of group revenue, while the rest of the business, its Britain and Ireland division, posted underlying sales growth of 3%, buoyed by demand for mobiles, computers and appliances.
Currys performance in Britain compares favourably with other retailers, which have generally shown that while shoppers over Christmas treated themselves on the groceries-front, they were wary on spending on gifts and non-food items.
Shares in Currys have lost 13% over the last three months, giving the group a market capitalisation of about £1.4 billion.
