Currys boss Baldock on a tale of two markets – a Nordic slump vs UK resilience
Currys chief executive Alex Baldock painted a picture of starkly different markets as he unveiled the retailer’s interim results
A statutory pre-tax loss of £548m at group level – largely resulting from a non-cash goodwill impairment of £511m – masked a decent performance in the electricals giant’s core UK and Ireland market.
But in the Nordics – traditionally a strong, growing market for Currys – chaotic conditions took a heavy toll, denting sales and almost halving EBITDA.
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