Kesa Down Again

Kesa Electricals, home to Comet, Darty, Menaje Del Hogar and others, has announced its results for the trading period from 1st November 2008 to 8th January 2009. While the results look good in Sterling, with an 11.0% increase, they declined by 2.2% in local currency, and by 5.5% on a like for like basis.

In France, Darty's like for like revenues declined by 6.2%, while in the UK, Comet's like for like revenues declined by 2.5%. There was 'another significant fall in revenues at Menaje Del Hogar', but the numbers from their Spanish subsidiary have not been published as a separate line item.