Currys issues profit warning as international business nosedives

Exterior of Currys store in retail park

Electricals giant Currys has issued a profit warning after margins were squeezed by discounting rivals, leaving its international business floundered.

For the six-month period ending October 29, 2022, Currys reported group adjusted loss before tax of £17m, down £62m year on year due to lower international profits.

Group statutory losses before tax were £548m due to a one-off, £511m goodwill impairment stemming from Currys merger with Dixons Carphone back in 2014. 

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