This seems a bit odd - can anyone shed light on this?
Dixons have no trades showing on DXNS has the epic changed or something?
Cheers for any input
:>)

Full Year Trading Statement - 16th May.

Preliminary Results - 20 June 2013.

Trading Statement

· Multi-channel businesses (UK & Ireland, Northern and Southern Europe) delivered encouraging performances throughout the year with like for like sales up 7% in the full year.
· Strong cash generation has enabled us to achieve a year-end net cash position for the first time in a number of years putting the Group in an even stronger financial position.
· In the fourth quarter we saw very pleasing momentum in these multi-channel businesses delivering like for like sales up 11%:
· UK & Ireland traded very well benefitting from a stronger offer for customers and achieving our aim of gaining more than our share of the market following the demise of competitors resulting in like for like sales up 13%;
· Northern Europe also saw very good growth with like for like sales up 14% and further market share gains;
· Southern Europe performed well given extremely difficult market conditions with like for likes down 5%.
· Trading at PIXmania continues to be very challenging. We have taken a number of actions through the year:
· Full management control of the business taken in August 2012;
· Significant restructuring, exiting from almost half of the countries in which it operates, closure of all stores, exiting non core categories and significantly reducing headcount;
· Disposals of Webhallen and PLS agreed for a total consideration of approximately £15 million;
· Work continues to resolve the strategic positioning of the business.
· Group gross margins down 0.7% in the full year, driven largely by product mix as well as our continued drive for even better value for customers.
· Group Full year underlying profit before tax expected to be at the top end of market expectations of £75 million to £85 million.
· The annual non-cash defined benefit pension financing costs of £7.4 million will be reclassified as non-underlying meaning that the consensus range of expectations for the financial year ending 30 April 2013 will rise to £83 million to £93 million.

Excellent.

Just hit the line in post 109.

City A.M. ‏@CityAM 1m
Dixons predicts year profits at top end of forecasts .........

http://ow.ly/l5epY

Shares Magazine ‏@SharesMag 4m

Dixons soars on impressive profits and cash - read our story:
#.UZSXOrU3tJQ … #DXNS

http://www.sharesmagazine.co.uk/news/dixons-soars-on-impressive-profits-and-cash

From above post.....

Stockbroker Panmure Gordon says Dixons is clearly gaining share in the UK and sees ‘significant future profit opportunity’ as it benefits from the demise of rivals including Comet (which it reckons could add £30 million to earnings before interest and tax) and eliminates losses overseas. ‘There is also the added bonus of cash on the balance sheet a year earlier than expected.’ It has a 45p price target.

Cantor Fitzgerald sees the biggest value creation opportunity to be the turnaround of the estimated £58 million of PIXmania and Southern European losses in its forecasts over the next few years. It retains a 42p price target.

16 May Dixons Retail PLc DXNS Espirito Santo Execution Noble Buy 39.33 36.51 42.00 42.00 Reiterates

SP Target......42p

Espirito Santo Execution Noble Buy 40.20 42.00 45.00 Reiterates

Citigroup Buy 40.20 30.00 50.00 Upgrades

Deutsche Bank Buy 40.20 41.00 44.00 Retains

JP Morgan Cazenove Neutral 40.20 28.00 33.00 Reiterates

17 May Dixons Retail PLc DXNS Espirito Santo Execution Noble Buy 40.12 40.00 42.00 45.00 Reiterates

Numis Hold 40.18 - 40.00 Reiterates

Making new highs - 41+p

Just out.....

17 May Dixons Retail PLc DXNS Citigroup Buy 41.15 40.00 30.00 50.00 Upgrades

SP TARGET 50p

See post 122! :-)

Buy buy buy skinny.

Bloke on canal bank just asked me if I could LEND him a can of larger.

Said ""sorry mate..................... only 8 cans left" (in, keep net in water)

Cheeky so and so.

Talk about charity these days!!!!!!

Now 42p incredible.

..and theres more to come..60p I reckon.

Holding up well in todays market.

Deutsche Bank Buy 41.00 44.00 44.00 Retains

Cantor Fitzgerald (formerly Seymour Pierce) Buy 41.00 42.00 50.00 Reiterates

Final Results

Key highlights
· Significant progress made against our three strategic priorities

· Further improvements to the offer for customers and financial strength of the business for shareholders.

· Group underlying total sales and like for like sales up 4% in the full year(1),(2), (3).

- Like for like sales in the final quarter up 13% in the UK & Ireland and up 14% in Northern Europe reflecting strong share gains.

· Underlying pre-tax profit up 15% to £94.5 million (2011/12 profit of £82.1 million) (1).

- Good progress in UK & Ireland and Northern Europe with profits up 39% and 6% respectively.

- Robust performance in Southern Europe in difficult markets.

- Offset by poor performance in PIXmania.

· PIXmania restructured to reduce losses and enable process of putting the business on a firmer strategic footing.

· Customer satisfaction measures continue to show strong advocacy in the UK.

· Group costs reduced by £45 million as part of the two year £90 million cost reduction initiative.

· Very strong cash generation with the Group ending the year with net cash of £42.1 million versus net debt of £104.0 million at the start of the year.



Financial highlights
· Total underlying Group sales up 4% at £8.21 billion (2011/12 £7.91 billion).

· Total Group sales, including those from businesses exited/to be exited were £8.44 billion (2011/12 £8.19 billion)(2).

· Group gross margins down 0.7% in the full year driven largely by product mix.

· Restructuring and impairment charges of £168.8 million, relating mainly to PIXmania and the main non-store UK B2B operations following the disposal of Equanet.

· Total loss before tax of £115.3 million (2011/12 loss of £118.8 million), after non-underlying items of £209.8 million, which predominantly comprise the restructuring and impairment charges(1).

· Underlying diluted earnings per share 1.5 pence (2011/12 earnings of 1.4 pence) (1). Basic loss per share 4.4 pence (2011/12 loss per share of 4.3 pence).

Fantastic analyst BEATING results......

Dixons year profit up 15 pct on strong UK20 Jun 2013 - 07:16

LONDON, June 20 (Reuters) - Dixons Retail , Europe's No. 2 electricals retailer, posted a 15 percent rise in underlying year profit, with sales growth in Britain and northern Europe offsetting falls in the austerity-hit south and at its PIXmania internet arm. The group, home to the Currys and PC World chains in Britain, Elkjop in Nordic countries, UniEuro in Italy and Kotsovolos in Greece, said on Thursday it made an underlying pretax profit of 94.5 million pounds ($148 million) in the year to April 30. That compares to company guidance of about 93 million pounds and 82.1 million pounds made in the 2011-12 year. Underlying sales increased 4 percent to 8.21 billion pounds, though gross margin fell 0.7 percentage points, reflecting a higher proportion of sales with lower margins, as well as price cuts. Dixons booked restructuring and impairment charges of 168.8 million pounds, relating mainly to PIXmania and the main non-store UK B2B operations following the disposal of Equanet. Taking these into account the firm made a pretax loss of 115.3 million pounds versus a loss of 118.8 million pounds last time. ($1 = 0.6386 British pounds) (Reporting by James Davey; Editing by Neil Maidment) ((james.davey@thomsonreuters.com)(+44 20 7542 7674)(Reuters Messaging: james.davey.thomsonreuters.com@reuters.net)) Keywords: DIXONS RETAIL RESULTS/