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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Currys shares climb to three-year high on resumption of dividends

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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Washing machine, air fryer and laptop seller Currys (CURY) reported a solid set of results for the year to 3 May, sending its shares up as much as 12p or 10% to a three-year high of 130p last week (3 July).
Group sales were up 2% on a like-for-like basis to £8.7 billion, driven by 4% like-for-like growth in the UK & Ireland, while Nordic like-for-like sales were flat in sterling terms despite a tough market and currency headwinds.
Encouragingly, the firm experienced organic growth in both channels, in-store and online, and gross margins grew faster than inflation, recovering towards their historic highs.
Strong cash flow generation resulted in the group sporting its strongest balance sheet in over a decade, leading the board to recommended a resumption of dividend payments after a hiatus in 2024.
Analysts at Panmure Liberum commented: ‘Every part of the business is heading in the right direction, the balance sheet has not been this strong in a decade, dividends are back and the prospects for buybacks this year are very real. Positive trading catalysts are building, and there is a change in emphasis in the report towards growth.’
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