Trading in line with expectations in new financial year (Il Sole 24 Ore Radiocor) - London, 27 Jun - Currys said that "trading in early part of the new financial year has been in line with expectations" and that it is "planning confidently for year ahead, expect profit and free cash flow growth." It added that it is targeting continued growth in high margin, recurring revenue services, including reaching at least 2 million iD Mobile subscribers before year end.

Currys continues to target at least 3% adjusted EBIT margin in the longer term. "This, combined with maintained leading market share, tight discipline on capital expenditure, controllable exceptional cash costs and working capital, is expected to deliver improving free cash flow," it said. Pension contributions are scheduled to rise to 78 million pounds in 2025/26 and for the following two years, before a final payment of 43 million in 2028/29, it added.

AAA-Web

(RADIOCOR) 27-06-24 09:02:00 (0172) 5 NNNN