Currys surge over 11% on strong H1 results, profitability gains By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 12 2024
0mins
Should l Buy ?
Source: Investing.com
Strong Financial Performance: Currys reported an adjusted pre-tax profit of £9 million for H1 fiscal 2025, significantly exceeding analyst expectations, with group sales reaching £3.92 billion and a notable increase in adjusted EBIT by 52% year-on-year to £41 million.
Positive Outlook and Shareholder Returns: The company plans to resume shareholder cash returns in 2024, supported by improved financial stability and reduced indebtedness, while analysts have upgraded their profit forecasts due to better balance sheet management.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
