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Currys plc ( (GB:CURY) ) just unveiled an announcement.
Currys plc reported a robust half-year performance with an adjusted profit before tax of £22m, a 144% year-over-year increase, and free cash flow of £84m, up 68%. Revenue growth was notable across both UK&I and Nordic markets, driven by initiatives such as service revenue growth, B2B sales, and new categories in the UK&I, alongside strong execution in Nordic operations. The company retained its leadership position in the Nordics, while outperforming the UK market despite cost headwinds. Currys remains focused on sustainable growth, cash flow generation, and shareholder returns, exemplified through its £50m buyback program and declared dividends. The guidance for the full year remains unchanged, further cementing its stable trajectory in financial and operational performance.
The most recent analyst rating on (GB:CURY) stock is a Buy with a £147.00 price target. To see the full list of analyst forecasts on Currys plc stock, see the GB:CURY Stock Forecast page.
Spark’s Take on GB:CURY Stock
According to Spark, TipRanks’ AI Analyst, GB:CURY is a Outperform.
Currys plc’s overall score is driven by strong financial performance and positive corporate events, particularly the share buy-back programs. While technical indicators suggest neutral momentum, the valuation remains reasonable. Profitability improvements could further enhance the stock’s attractiveness.
To see Spark’s full report on GB:CURY stock, click here.
More about Currys plc
Currys plc operates in the consumer electronics and technology retail industry, offering a range of computing, mobile, domestic appliances, and service solutions. It has a market presence in the UK, Ireland, and Nordic regions, catering to both business-to-business (B2B) and individual customers.
Average Trading Volume: 2,339,884
Technical Sentiment Signal: Buy
Current Market Cap: £1.34B
Find detailed analytics on CURY stock on TipRanks’ Stock Analysis page.