Business
COVID-19 Business Update
COVID-19 Business Update.
About this update from Currys Plc
[{"type":"text","content":"\n \n \n RNS Number : 2336L\n Dixons Carphone PLC\n 29 April 2020\n \n \n \n 29 April 2020\n \n COVID-19 Business Update\n \n \n Dixons Carphone issues the following update prior to entering the close period for its full year results for the 53 weeks to 2 May 2020, which are scheduled to be announced on 25 June 2020.\n \n \n · \n \n Group focused on three priorities:\n \n \n o \n Keeping our colleagues and customers safe\n \n o \n Helping our customers\n \n o \n Securing our future\n \n \n · \n \n Sales strong in all open channels as we provide vital products during the crisis\n \n \n o \n UK&I online accelerated further, recovering around two-thirds of lost store sales\n \n o \n Nordics trading strong across stores and online\n \n \n \n · \n \n Year-end net debt expected to be around £300m\n \n \n \n · \n \n Additional £266m RCF secured, resulting in over £1bn of unutilised committed facilities at year end\n \n \n \n · \n \n The Board has decided not to pay a full year dividend\n \n \n \n \n Alex Baldock, Group Chief Executive\n \n \"I'm humbled by the speed and skill with which thousands of our colleagues have reacted to this crisis in safely helping millions of customers and securing the business's future. I can't thank them enough. We're setting new social distancing and hygiene standards that allow us to provide vital help to customers through the lockdown, to keep them connected with loved ones, their families fed, clean and entertained, work from home and home-school the kids. We've given extra help to vulnerable older people, in partnership with Age UK, and prioritised the NHS.\n This vital role is reflected in customer demand: wherever we've been open, our sales performance has been strong. In the Nordics, our stores continue to operate to high social distancing and hygiene standards, providing a successful blueprint for how our UK stores can safely reopen as soon as Government so decides. And we're innovating; launching live video shopping for online customers and contactless shopping in-store.\n We're being prudent in conserving cash, have secured additional funding, and can plan for the future with confidence. We remain committed to our longer-term transformation and will use everything we're learning through this crisis to build a better business for customers,...