Currys plc
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- Currys plc operates as a leading omnichannel retailer of technology products and services in the United Kingdom, Ireland and the Nordics, offering consumer electronics including computers, smartphones, tablets, televisions, gaming consoles, home appliances such as large appliances, coffee machines and cooling products, and audio equipment; it provides value-added services encompassing installation, delivery, repair, maintenance, extended warranties, insurance, technical support and its own mobile virtual network operator iD Mobile with over 2.3 million subscribers. The company trades as Currys in the UK and Ireland through online channels and 708 stores across six countries, and as Elkjøp, Elgiganten and Gigantti in the Nordics, serving households and businesses with support from a sourcing office in Hong Kong, repair facilities and distribution networks in Newark, UK, and Jönköping, Sweden. Founded in 1884 and headquartered at 1 Portal Way, London, England, Currys plc employs around 24,000 colleagues and maintains market leadership in its regions. Recent developments include rebranding its B2B division as Currys Business in August 2025 with nationwide expansion to 57 UK hubs and addition of 75,000 SME customers targeting doubled UK&I B2B sales; launching a new £50 million share buyback programme in September 2025 to return capital to shareholders alongside a £25 million cash dividend; completing a triennial pension review reducing the actuarial deficit to £134 million as of March 2025 with future contributions lowered to £13 million annually from 2026/27; reporting strong like-for-like revenue growth of 3% in UK&I and 2% in Nordics for the 17 weeks ended August 30, 2025 driven by AI computing, gaming, new categories and recurring services; and partnering with Microsoft and Accenture since 2024 to modernise cloud infrastructure and accelerate generative AI adoption for operations and customer experience.
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Currys H2 Earnings Call Highlights
Citi lifts Currys price target to 184p on robust results and rising payout
Currys falls as AI-driven chip shortage raises fears of higher electronics prices
Currys doubles dividend and unveils new buyback as results hit the mark
RBC upgrades Currys to 'outperform' as recovery play turns into 'multi-year compounder'
Currys new CEO gets muted reaction but analysts hail continuity move
Currys promotes Nordics boss Tønnesen to CEO
Currys lifts profit guidance after strong Nordic growth
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Currys plc (CURYY) Shareholder/Analyst Call Transcript
Currys lifts profit guidance after strong Christmas trading
Currys plc (CURYY) Q2 2026 Earnings Call Transcript
UK consumer spending and confidence is muted, says Currys boss
Currys reports stronger profits in first half
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