"Nordics recovery continues to pick up pace"
"confident that profit margins will step forward again this year"
"It's been a good start to the year, with encouraging performance across the group. In the UK and Ireland we're pleased with the trajectory in our growth areas of new categories, B2B (business-to-business) and the services that are so valuable to customers and to Currys. Credit was notably strong and iD Mobile is on track to beat the 2.5 million subscriber target we set for this year."
Currys experienced increased sales in recent months as shoppers bought air conditioning units during an exceptionally hot summer. Shares rose by around 20% after the company reported recent performance and launched a new share buyback scheme. Revenues in the Nordics increased by 2% driven by new ranges such as robotic lawnmowers. Chief executive Alex Baldock said the Nordics recovery is accelerating and expressed confidence that profit margins will improve this year. Growth areas in the UK and Ireland include new product categories, B2B sales and customer services, while credit remained strong and iD Mobile aims to exceed 2.5 million subscribers.
Read at London Business News | Londonlovesbusiness.com
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