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\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\tCurrys names shop-floor veteran as new boss as Baldock exits for Boots<\/h3>\n\t\t\t\t\t\t\t\t\t<\/i>04\/06\/2026 x 8:31 AM<\/span><\/div>\n\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\n\t\t\t\t<\/ul>\n\n\t\t\t\t\t\n\t\t<\/div>\n\t\t\n\t\t\n
\nCurrys said its triennial pension review had been completed, with its actuarial deficit reduced to \u00a3134m as of 31 March 2025, from \u00a3403m as of 31 March 2022.<\/p>\n
Looking ahead, the electricals giant said it was targeting continued growth in both higher margin and recurring revenue services, which included reaching at least 2.5m iD Mobile subscribers before the end of the year.<\/p>\n
It said its year-end net cash was expected to total at least \u00a3100m, after pension contributions and capital returns.<\/p>\n
Currys group CEO Alex Baldock said: \u201cIt\u2019s been a good start to the year, with encouraging performance across the group. In the UK&I we\u2019re pleased with the trajectory in our growth areas of new categories, b2b and the services that are so valuable to customers and to Currys.<\/p>\n
“Credit was notably strong, and iD Mobile is on track to beat the 2.5m subscriber target we set for this year.”<\/p>\n
He continued: “Our Nordics recovery continues to pick up pace. We continue to grow, improve margins and control costs well. We\u2019re confident that profit margins will step forward again this year.<\/p>\n
“We’re working to deliver an ever-improving experience for colleagues, for customers and for shareholders, as reintroducing the dividend and now starting share buybacks shows.”<\/p>\n
In August, Currys revealed that it had rebranded and expanded its business division<\/a> to meet growing demand.<\/p>\nThe\u00a0firm said its website and advertising for Currys Business had been updated, with the new imagery appearing in its stores over the coming weeks.<\/p>\n
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Currys said its triennial pension review had been completed, with its actuarial deficit reduced to \u00a3134m as of 31 March 2025, from \u00a3403m as of 31 March 2022.<\/p>\n
Looking ahead, the electricals giant said it was targeting continued growth in both higher margin and recurring revenue services, which included reaching at least 2.5m iD Mobile subscribers before the end of the year.<\/p>\n
It said its year-end net cash was expected to total at least \u00a3100m, after pension contributions and capital returns.<\/p>\n
Currys group CEO Alex Baldock said: \u201cIt\u2019s been a good start to the year, with encouraging performance across the group. In the UK&I we\u2019re pleased with the trajectory in our growth areas of new categories, b2b and the services that are so valuable to customers and to Currys.<\/p>\n
“Credit was notably strong, and iD Mobile is on track to beat the 2.5m subscriber target we set for this year.”<\/p>\n
He continued: “Our Nordics recovery continues to pick up pace. We continue to grow, improve margins and control costs well. We\u2019re confident that profit margins will step forward again this year.<\/p>\n
“We’re working to deliver an ever-improving experience for colleagues, for customers and for shareholders, as reintroducing the dividend and now starting share buybacks shows.”<\/p>\n
In August, Currys revealed that it had rebranded and expanded its business division<\/a> to meet growing demand.<\/p>\n The\u00a0firm said its website and advertising for Currys Business had been updated, with the new imagery appearing in its stores over the coming weeks.<\/p>\n