DSGI reports sales growth



22 November 2006 — High Wycombe (UK): DSG International (DSGI) has said that sales at all of its chains, excluding Italian UniEuro, have benefited from strong growth during the first six months of the financial year.


The company made a pre-tax profit of £97.5 million ($182.7 million), with total sales increasing by 14 percent and like-for-like sales up by 5 percent.


DSGI claims its electricals division was the important driver for the company with like-for-like sales up by 4 percent.


Its computing division experienced like-for-like sales growth of 3 percent during the period.


The company attributes sales growth for continued demand for flat panel TVs before and during World Cup and demand for laptop computers.


Like-for-like sales at the company’s biggest chain Currys, were up by 5 percent. Its Nordic division Elkjop experienced like-for-like sales growth of 11 percent and the Greek business Kotsovolos saw growth of 8 percent.


The Italian division UniEuro experienced a "disappointing"10 percent drop like-for-like sales.


The company’s CEO, John Clare, said: "The recently strengthened management team in Italy is implementing a plan to recover our position, having made significant changes to internal structures and processes in recent months."