Currys PLC (FRA:CWB)

Half Year 2026 Currys PLC Earnings Call Transcript

Dec 18, 2025 / 09:00 AM GMT

Release Date Price: €1.5 (+6.24%)

Transcript

Key Points

Positve

Currys PLC (DSITF) reported strong financial results with group revenue of £4.2 billion, up 8% year-on-year.
The company achieved a significant increase in adjusted EBIT by 32% to £54 million.
Free cash flow increased by 68% to £84 million, demonstrating strong cash generation.
The Nordics region showed impressive performance with a 90 basis point improvement in EBIT margin to 2%.
Currys PLC (DSITF) is successfully expanding its B2B segment, with a 16% growth in the UK and a plan to double the business size in three years.

Negative

The UK EBIT margin decreased by 20 basis points due to government-imposed inflationary headwinds.
There was a delay in the IT cloud migration project, leading to dual running costs and increased exceptional cash outflows.
The company experienced a slight market share loss in the Nordics, attributed to not chasing unprofitable sales.
The UK consumer market is muted, with declining consumer confidence impacting sales.
Currys PLC (DSITF) faced increased costs due to inflationary pressures, particularly in colleague costs across the supply chain.

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

CURY.L - Currys PLC
Half Year 2026 Currys PLC Earnings Call
Dec 18, 2025 / 09:00AM GMT

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Presentation
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Operator [1]
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Good morning and welcome to Curry's interim results. We're joined today by Curry's group chief executive officer Alex Baldock and Bruce Marsh, group chief financial officer. It's to call over to Alex. Please go ahead, sir.

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Unidentified_2 [2]
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Thank you. Good morning, everybody. A few words from me before I hand over to Bruce to take you through the numbers. Then I'll be back with a short update on the strategic progress behind these numbers. But of course, a full strategy update will come. uh in January as usual. And they're promising numbers too. I we're pleased with the

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