Currys PLC (FRA:CWB)

Full Year 2025 Currys PLC Earnings Call Transcript

Jul 3, 2025 / 08:30 AM GMT

Release Date Price: €1.45 (+6.94%)

Transcript

Key Points

Positve

Currys PLC (DSITF) reported a significant increase in adjusted profit before tax, up 37% year on year to GBP 162 million.
The company achieved strong free cash flow of GBP 149 million, an 82% increase, contributing to a healthier balance sheet with net cash of GBP 184 million.
Currys PLC (DSITF) saw a 4% like-for-like sales growth in the UK, with recurring services revenue also increasing significantly.
The Nordics region showed strong profit and cash performance, with adjusted EBIT up 24% on a constant currency basis.
The company has successfully implemented a clear strategy, leading to improved market share and strong performance across all financial metrics, including sales, margins, and cash flow.

Negative

Despite improvements, the Nordics region experienced flat like-for-like sales, indicating challenges in market conditions.
Operating expenses increased at a faster rate than sales, with inflation and living wage impacts contributing to a 20 basis point adverse movement in the operating expense to sales ratio.
The company faces significant headwinds, including GBP 32 million in new government-related costs and general inflation, which will require diligent management to maintain performance.
Currys PLC (DSITF) is still working to improve customer satisfaction scores, with a current NPS of 55% in the UK, which the company acknowledges is not yet satisfactory.
The company is dissatisfied with the current progress in leveraging customer data for personalized experiences and third-party monetization, indicating room for improvement in this area.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CURY.L - Currys PLC
Full Year 2025 Currys PLC Earnings Call
Jul 03, 2025 / 08:30AM GMT

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Presentation
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At Curry's.

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