Dixons Retail PLC (DXNS.L) in its trading statement said that multi-channel businesses delivered encouraging performances throughout the year with like for like sales up 7 percent in the full year and rose 11 percent in fourth quarter.
Group gross margins decreased 0.7 percent in the full year, driven by product mix as well as continued drive for even better value for customers.
The multi-channel electrical retailer and services company said it expects full year underlying profit before tax to be at the top end of market expectations of 75 million pounds - 85 million pounds.
Dixons Retail noted that the annual non-cash defined benefit pension financing costs of 7.4 million pounds would be reclassified as non-underlying meaning that the consensus range of expectations for the financial year ending 30 April 2013 will rise from 83 million pounds to 93 million pounds.
For comments and feedback: editorial@rttnews.com