Key facts
- Currys announced a £50 million share buyback program.
- The company reported a 3% revenue increase in the UK and Ireland.
- Currys' UK and Ireland revenue reached £5.4 billion.
- The company reported a profit before tax of £153 million.
- Currys' performance outpaced the broader market during a slowdown.
Currys is launching a £50 million share buyback program, a move that underscores the company's strategy to return value to shareholders even as the broader market faces a slowdown. The electronics retailer reported a 3% increase in revenue for its UK and Ireland operations, bringing the total to £5.4 billion. This performance is notable as it outpaces the general market trend, which is experiencing a downturn. The company's profit before tax for the period stood at £153 million. The share buyback initiative is expected to enhance shareholder returns by reducing the number of outstanding shares.