Business
Profit guidance above market expectations
Currys PLC reported strong trading for the 10 weeks ended 10 January 2026, with group like-for-like revenue growth accelerating to 6%, driven by a 3% increase in the UK & Ireland and a standout 12% growth in the Nordics. The company now expects group adjusted profit before tax to be between £180-190 million, exceeding market expectations, and has a £50 million share buyback program underway, bringing total cash returned to shareholders to approximately £75 million for the year. Year-end net cash is projected to finish above the £100 million target. Disclaimer*
About this update from Currys Plc
[{"type":"text","content":"\n\n\nWe Help Everyone Enjoy Amazing Technology\nTrading Update for 10 weeks ended 10 January 2026 (\"Peak\")\nStrong trading drives profit guidance above market expectations\n \n\n\n\n\n•\n\n\nGroup Peak like-for-like revenue1 growth accelerated to +6%\n\n\n\n\n \n\n\n\n\n•\n\n\nUK & Ireland like-for-like revenue1 growth of +3% demonstrating continued momentum\n\n\n\n\n \n\n\no Gaining market share with strong sales in mobile alongside growth in computing and appliances\n\n\n\n\n \n\n\no Gross margin improvements despite cost headwinds\n\n\n\n\n \n\n\no Omnichannel sales growing faster than individual channels at +11% YoY\n\n\n\n\n \n\n\no Recurring Service revenue2 +7%, credit adoption +200bps to 25.0%, B2B sales +21% and new categories +42%\n\n\n\n\n \n\n\no iD Mobile subscribers +19% YoY to 2.5m, adding close to 1m subscribers in two years\n\n\n\n\n \n\n\n\n\n•\n\n\nNordics like-for-like revenue1 growth of +12%, a standout performance\n\n\n\n\n \n\n\no Market share gains in a buoyant market with sales growth across all categories\n\n\n\n\n \n\n\no Good balance of sales growth and gross margin investment in all countries\n\n\n\n\n \n\n\no Omnichannel sales growing strongly, including order & collect sales +42% YoY\n\n\n\n\n \n\n\n\n\n•\n\n\nOutlook\n\n\n\n\n \n\n\no Group adjusted profit before tax is expected to be £180-190m, +11-17% YoY and ahead of consensus expectations3\n\n\n\n\n \n\n\no £50m share buyback programme underway, bringing total cash returned to shareholders to c.£75m for the year\n\n\n\n\n \n\n\no Expect year end net cash to finish above £100m target\n\n\n\n\n \n\n\n\n\n \n\n\nH1\n\n\nPeak\n\n\nYear to date\n\n\n\n\nLike-for-like Sales \n\n\nYoY % change \n\n\nYoY % change \n\n\nYoY % change \n\n\n\n\n UK & Ireland \n\n\n+4%\n\n\n+3%\n\n\n+3%\n\n\n\n\n Nordics \n\n\n+4%\n\n\n+12%\n\n\n+7%\n\n\n\n\nGroup \n\n\n+4%\n\n\n+6%\n\n\n+5%\n\n\n\n\n \nAlex Baldock, Group Chief Executive\n\"We're pleased with our very strong trading over Peak, growing sales healthily and in a disciplined way. We now expect this year's profits to exceed market expectations, to keep returning cash to shareholders and fin...