Currys PLC
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Fredrik Tønnesen
- Full Time Employees
- 24,000
- Sector
- Distribution services
- Industry
- Wholesale distributors
- Address
- 1 Portal Way Newark GL United Kingdom W3 6RS
- IPO Date
- Jun 26, 2013
- Website
- currysplc.com
- Similar Companies
- Business
- Currys plc is a leading omnichannel retailer of technology products and services, operating online and through approximately 708 stores across six countries in Europe; the company trades as Currys in the UK and Ireland, Elkjøp in the Nordics, and maintains market leadership in consumer electronics, computing, mobile devices, home appliances, gaming, TVs, and related categories. It offers a comprehensive suite of value-added services including credit financing under Currys flexpay, installation and setup, repair and maintenance through one of Europe's largest technology repair facilities, extended warranties and protection plans, connectivity via its wholly-owned mobile virtual network operator iD Mobile with over 2.2 million subscribers, recycling and reuse programs handling 5.5 million e-waste items annually, and emerging categories such as health and beauty tech, pet tech, portable power, fitness equipment, BBQs, and seasonal ranges like back-to-school supplies and gifting options; these services generated £814 million in recurring revenue in fiscal 2024/25, representing higher-margin streams that support solution-selling with 40% adoption rate for accessories and services in the UK&I. Founded in 1884 as a bicycle business and headquartered at 1 Portal Way in London, England, Currys plc employs over 24,000 colleagues and supports operations with a sourcing office in Hong Kong, advanced distribution centers in the UK and Sweden, and repair hubs; it serves consumer and growing B2B markets including small-to-medium enterprises, targeting a doubling of UK&I B2B sales over the next three years, with online sales bolstered by order-and-collect accounting for 34% of Group online revenue. Recent strategic developments include significant store investments upgrading 115 locations with electronic shelf-edge labelling, new category expansions, and improved layouts; divestiture of its Greek subsidiary Kotsovolos in 2024 for €200 million; becoming the first Microsoft Retail Repair Partner in the UK and expanding RepairLive with AI diagnostics; rebranding credit offerings to Currys flexpay and achieving record credit sales of £1.1 billion; fiscal 2024/25 results showing £8.7 billion revenue, £162 million adjusted profit before tax up 37% year-over-year, £184 million net cash, and resumption of dividends at 1.5 pence final payout; and ongoing B2B infrastructure buildout with specialist teams, online platforms, and Nordics-inspired hubs amid a focus on AI-enabled tech, computing refresh cycles, and net-zero emissions target by 2040.
Company News
Currys plc (CURYY) Shareholder/Analyst Call Transcript
Analysts see Currys profit upgrades after strong sales growth
Currys posts strong start to year as World Cup and heatwaves boost sales
RBC raises price targets for B&M and Currys as fashion retailers become more competitive on homewares prices
Currys (OTCMKTS:DSITF) Shares Cross Below 50-Day Moving Average – Here’s What Happened
Currys Transforms Customer Engagement with NiCE, Driving Higher NPS and Faster Resolution
Summers online shopping trend favours Next but weighs on Primark, says Citi
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
Contrasting Currys (OTCMKTS:DSITF) & Canadian Tire (OTCMKTS:CDNAF)
Currys chief executive Baldock to step down after eight years
Currys gaining ground on Argos as strategy clicks, says broker
Currys plc (CURYY) Shareholder/Analyst Call Transcript
Currys lifts profit guidance after strong Christmas trading