Friday 18 December 2009

Kesa Down

Kesa Electricals - home to Darty, Comet and Menaje del Hogar - have published their interim statement for the six months ending 31st October 2009. Group revenues increased by 7.6% to £2.35bn. In constant currency, that equals an increase of just 0.1%. But on a like-for-like basis it equals a decrease of 2.5%. The real success story continues to be Darty where revenues increased by 12.2% and retail profit increased by 12.7%. At Comet, sales increased, but by just 3.6%, while retail losses improved from a loss of £8.1mn to a loss of £1.2mn. Nevertheless, overall group retail profits came in at £24.3, which means that Darty's profits represent over 180% of group profits.

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