Some solid gains were seen at the open for electrical retailer Currys this morning after the company reported full year revenue growth – most notably in the UK & Ireland – along with a sharp uptick in profitability. Management also appeared optimistic over the outlook, noting they were comfortable with market consensus and would continue to target higher margin, recurring revenue services. The Currys share price was almost 8% higher in early trade.
Media group Baltic Classified saw its stock pressured in the wake of full year results which were published today. Despite revenue growth of 15% and adjusted EPS rising 23%, investors seemed quick to latch onto any points of weakness with a lacklustre market for autos in Estonia being a typical example here. The Baltic Classifieds share price was down more than 10% by 8.30am.
The luxury watch retailer was left floundering on Thursday morning in the wake of full year results. The company may have posted 8% revenue growth, with an acceleration noted into the second half, but there’s concern over the outlook. Uncertainty both in terms of US tariffs and the macroeconomic outlook means that whilst revene growth is expected to be maintained, the adjusted EBIT margin will be flat to 100 bps lower. Shortly after the open and the Watches of Switzerland share price was down 6%.
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