Currys raises profit outlook as UK beats expectations

Currys has raised its profit outlook for 2022-23 after better-than-expected trading in the UK in the final two months of the year.

The electricals retailer had previously lowered its guidance in March due to the weak performance of its Nordics business, but said today it now expected to report a year to April 29 adjusted pre-tax profit of £110 to £120m.

This is ahead of previous guidance of around £104m, but down from the £186m made in 2021-22.

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