Electronics retailer Dixons Carphone celebrated strong results over the first half of the year, with pre-tax profits climbing 33 percent to £144 million.
In the six months to 29 October sales rose 4 percent to £4.9 billion, benefitting from strong sales of mobiles and consumer electronics in core markets including the UK and Ireland. The company also strong growth in Nordic countries, where sales jumped 23 percent. T
However, in a statement Dixons Carphone said they were planning for “more uncertain times”.
Dixons Carphone buys 90 percent of its products in sterling, meaning it may have to begin increasing their prices as the value of the pound continues to sink in the wake of the June referendum.
Seb James, the company’s chief executive, said: “While we have not seen any effect on consumer demand as a consequence of Brexit, we have been planning for the possibility of more uncertain times ahead.
“In particular, we have been focusing on reducing our fixed cost base, identifying areas of potential market share growth if the world becomes a tougher place for our competitors, and generally preparing for all eventualities – just in case.
“We are also planning our offer so that potential currency impacts are minimised for the customer, and are ensuring that next year, as always, everybody can be absolutely sure that they won’t get a better deal anywhere.”
The results come after a record trading day on Black Friday last month, which helped many retailers gain strong figures in the run-up to Christmas.
However shares in Dixons Carphone (LON:DC) fell sharply in early trading on Wednesday, and are currently down 5.59 percent at 346.20 (0957GMT).
Dixons Carphone was created in 2014 after a merger between phone retailer Carphone Warehouse and electrical retailer Dixons. It owns the Currys and PC World brands in the UK and employs 42,000 staff in the UK and overseas.