Dixons Carphone posts surge in revenue over lockdown

Dixons Carphone

Dixons Carphone has reported a surge in revenue over lockdown.

The group reported an 8% rise from £4.5bn to £4.9bn. This was boosted by the surge in online sales by 103%.

Chief executive Alex Baldock said: “Technology has become even more central to people’s lives.”

Richard Hunter, head of markets at interactive investor, said: “Dixons Carphone’s agility in negotiating a rapidly changing trading environment has paid dividends, with the company well positioned for further growth.

“Electrical sales online over the period rose by 103 per cent, with computing being the best performer, driven by both remote working and in-home entertainment resulting from the various lockdowns. Equally promising is the company’s view that the technology market has now structurally increased, with hybrid working likely to become entrenched.”

Shares opened at 122p.