Currys boss Baldock on a tale of two markets – a Nordic slump vs UK resilience

Alex Baldock, Currys

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.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.