‘Challenging conditions’ see Currys Ireland swing to loss

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Currys News

Cost-Of-Living

Revenues at electronics retailer’s Irish arm sank more than 10% to €192.3 million

Currys Ireland swung to a €289,000 loss after tax over the period from €5.2 million profit in its previous financial year. Photograph: Jason Alden/Bloomberg

Like-for-like sales were down 10.1 per cent compared with a drop of 15.5 per cent in the previous trading year, it said. The company is part of the wider Currys group, which operated some 823 stores in eight countries in 2022, according to its annual report for the year. Shares in the London-listed retailer are up more than 25 per cent so far this year but plunged last month after it was reported that private equity group Elliott Investment Management was walking away from a potential takeover of the group.

 

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