Strong start to the year in UK&I and Nordics
UK & Ireland like-for-like revenue up 6%, Nordics up 9% in first 17 weeks of FY27.
vs expectations: in line
- UK & Ireland like-for-like revenue growth +6%
- Nordics like-for-like revenue growth +9%
- Group like-for-like revenue growth +7%
- iD Mobile subscribers 2.7m (prior +16% YoY)
- Flexpay adoption 23.6% (prior +30bps YoY)
- Share buyback completed to date £23m
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o Market share gains in all major categories, in a flat market that benefitted by c.2%pts from the World Cup and Summer heatwaves
o Recurring Services revenue growing strongly with flexpay adoption +30bps YoY to 23.6% and iD Mobile reaching over 2.7m subscribers, +16% YoY
o Gross margin stable with tight cost control
Nordics like-for-like revenue +9%
o Sales growth across both channels, driven by white goods and mobile, with continued success in new categories, B2B and Services
o Market share gains in most countries and categories, in a market that saw strong growth against soft comparatives
o Gross margin stable with tight cost control
Outlook
o Planning confidently for the remainder of the year. All guidance for the year remains unchanged and we are comfortable with market consensus1
o Targeting continued growth in higher margin, recurring Services revenue, including reaching at least 2.8m iD Mobile subscribers before year end
o £50m share buyback underway with £23m completed to date
o Expect year end net cash to finish well above our £100m target
Like-for-like revenue - YoY
| UK & Ireland | +6% |
| Nordics | +9% |
| Group | +7% |
Fredrik Tønnesen, Group Chief Executive
"Having worked in Currys' Nordic business for more than 20 years, most recently leading it, I have spent my early weeks as Group Chief Executive getting to know more of our UK&I colleagues and customers. I'm impressed by the calibre of the colleagues I've met and pleased by our trading in the early part of the year.
Currys has maintained its strong momentum. Across the Group we saw growth in both stores and online, with new categories, B2B and Services all growing strongly. In the UK&I, we gained share in every category, in a market that was flat even with the help of the World Cup and Summer heatwaves. In the Nordics we gained share in most categories and countries in a market that grew strongly.
Throughout, we have kept our focus on margin, cost and cash discipline.
I'd like to thank all my colleagues across the Group for this strong start, which sets us up well for the rest of the year. I'm looking forward to meeting more of them and working closely together to build an ever-stronger Currys."
- Company-compiled consensus for 2026/27, as of 9 September 2026, forecasts Group adjusted PBT of £199m. Full forecasts are available on the corporate website: https://www.currysplc.com/investors/consensus-and-analyst-coverage/
In line with usual practice, the Group will update the market on full year profit expectations after the Peak trading period.
AGM details
The Currys plc 2026 Annual General Meeting will be held today at 11.00am at BFI Southbank, Belvedere Road, South Bank, London, SE1 8XT.
Next scheduled announcement
The Group is scheduled to publish its interim results for 26 weeks ending 31 October 2026 on 17 December 2026.
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