By Jonathan Davies
The recently merged electrical and mobile retailer Dixons Carphone said it has made “a good start” despite seeing revenues fall in its first quarter of trading.
Dixons Retail, which also owns Currys PC World, reported a 1% decline in year-on-year revenues. But Carphone Warehouse faired much worse, reporting a 17% fall in revenues.
Dixons Retail and Carphone Warehouse officially merged in August, in a deal worth £3.8bn.
Sebastian James, group chief executive, said: “I am pleased to report a good start to the year and to our new shared enterprise.
“Dixons Carphone looks to be in excellent shape to tackle the perpetually shifting sands of the market and to achieve its goal of improving our customers’ lives through technology.”
Dixons Carphone is set to join the FTSE100 on 22 September.
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