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Investing.com -- Currys Plc (LON:CURY) has raised its full-year profit forecast after stronger-than-expected trading, underscoring solid momentum in both its UK and Nordic operations, sending its shares up by over 12% on Thursday.
The retailer now expects adjusted profit before tax for FY25 to reach approximately £160 million, exceeding previous guidance of £145-155 million and surpassing the consensus estimate of £150 million.
Analysts at RBC Capital Markets note that the upgraded outlook represents a roughly 7% increase over market expectations.
The company reported resilient sales performance since January 4, with like-for-like growth in both key markets.
The earnings upgrade is expected to be driven largely by improvements in the Nordic business, coupled with potential reductions in net finance costs compared to prior projections.
Currys also expects to close the financial year with a robust net cash position, with market consensus placing net cash (excluding leases) at around £154 million. This marks a continued strengthening of the company’s financial standing.
With a dominant presence in electrical retail across the UK and Nordic regions, Currys has been refining its UK business strategy while focusing on profitability gains in the Nordics.
Growth in its mobile network, iD Mobile, along with expansion in its B2B segment and higher-margin services, has further supported its performance.
The iD Mobile division now boasts two million subscribers, bolstering Currys’ long-term growth prospects.
One lingering uncertainty is the impact of U.S. tariffs on Asian-made electronics. It remains unclear whether major brands will shift more supply into Europe or attempt to mitigate price increases globally.
However, analysts at RBC argue that Currys is benefiting from strong operational momentum and improving cash flow dynamics.
Ahead of this update, Currys shares were trading at approximately eight times estimated 2025 earnings—a valuation that analysts still see as modest given the retailer’s underlying growth, particularly in mobile and services.