Russ Mould, investment director at AJ Bell, said: “The decision by electronics retailer Currys to turn down takeover bids early last year continues to be rewarded as the company maintains its recent renaissance.
“The significant increase in free cash flow in its first-half results and reassuring accompanying guidance have gone down well with investors, creating confidence that it is enjoying a strong festive trading period.
“Currys is benefiting from being one of the few remaining electronics retailers of scale with a high street presence. The pace of change in consumer electronics means shoppers are often looking for guidance on what to buy and how the kit they are buying works. By offering credit, installation, spares and repairs and recycling services, Currys is attempting to position itself to benefit throughout the lifecycle of a product.
“The comeback of meaningful returns of cash to shareholders in 2025 has been a key milestone for the business and Currys has managed to keep a tight rein on costs. A continuing recovery in its Nordics business is also helping to support the positive sentiment around the company.
“With the outlook for the UK economy still uncertain, Currys won’t be taking anything for granted. But the company is looking in decent shape to take on whatever the backdrop might throw at it.”
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