DSGi, the owner of high street brands Currys and PC World beat second-half expectations, posting a 6pc rise in second-half underlying sales, and said it would hit full year pretax profit targets of between £80m and £90m.
The company has also refinanced, finalising a new revolving syndicated credit facility of £360m.
DSG chief executive John Browett was also full of anticipation over the World Cup, which starts in South africa on June 11.
‘In a World Cup, we sell the same amount of televisions we sell at Christmas peak trading,’ he said.
The group has invested wisely in store refurbishment and staff training. ‘They have got the basic stuff right, and that’s why they are market leaders,’ said Kate Calvert at Shore Capital.
Sector rivals have had a torrid time: Kesa electricals saw a 1.2pc fall in sales in the quarter to april 30 due to sluggish sales at its UK chain Comet.