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Currys (CURY) investor relations material
Currys Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading performance
UK & Ireland like-for-like revenue rose 6%, with growth in both stores and online, and double-digit gains in new categories and B2B.
Market share increased in all major categories in UK & Ireland, aided by the World Cup and summer heatwaves.
Recurring Services revenue grew strongly, with flexpay adoption up to 23.6% and iD Mobile subscribers up 16% year-on-year to over 2.7 million.
Nordics like-for-like revenue increased 9%, with growth across channels, especially in white goods and mobile.
Gross margin remained stable in both regions, supported by tight cost control.
Outlook and financial position
Guidance for the year remains unchanged, with confidence in meeting market consensus for adjusted PBT of £199m.
Targeting further growth in higher-margin, recurring Services revenue and aiming for at least 2.8 million iD Mobile subscribers by year-end.
£50m share buyback underway, with £23m completed to date.
Year-end net cash expected to finish well above the £100m target.
Leadership and operational focus
New Group Chief Executive highlighted strong early-year trading and focus on margin, cost, and cash discipline.
Emphasis on growth in both stores and online, with continued expansion in new categories, B2B, and Services.
- Profits, cash flow, and market share rose strongly, supporting higher shareholder returns.CURY
H2 2026 - Adjusted PBT rose 18% to £191m on 4% sales growth, with strong cash generation and market share gains.CURY
Q4 2026 TU - Omnichannel strategy, operational efficiency, and solution selling drive growth and profitability.CURY
Investor presentation - Profit guidance raised after strong sales, margin gains, and higher shareholder returns.CURY
Trading update - Revenue up 8%, adjusted EBIT up 32%, and net cash at £133m with strong market share gains.CURY
H1 2026 - Profits, cash flow, and shareholder returns rose, with strong growth in both core markets.CURY
H2 2025 - Profits, cash flow, and margins improved; guidance maintained and shareholder returns planned.CURY
H1 2025 - Profits and free cash flow up, balance sheet strengthened, and growth investments underway.CURY
H2 2024 - Profit guidance raised and dividends resumed after robust sales and cash flow growth.CURY
Trading Update
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