However Comet-owner sees like-for-like revenue decline in local currency

Kesa sees Christmas growth

Kesa has revealed its sales figures for the Christmas period, reporting total group revenue growth of 1.3 per cent, however like-for-like sales declined by 0.3 per cent in local currency despite total local currency growth of 0.7 per cent.

The figures were chiefly affected by poor performance by the UK retailer Comet, which saw a total revenue decline of 3.4 per cent and the closure of Darty Switzerland in July.

Darty France, which generates just under 50 per cent of revenue for the entire group, posted total growth of 5.2 per cent – 3.6 per cent like-for-like in local currency.

In addition, the developing businesses – Darty Italy, Darty Turkey and Menaje del Hogar – generated total revenue growth of 8.4 per cent and like-for-like growth of 7.8 per cent.

“We were well prepared for our peak trading season and saw improving sales trends in most of our businesses,” commented Kesa’s CEO Thierry Falque-Pierrotin. “I am particularly pleased with the performance at Darty France and the progress we are making in our developing businesses with positive like-for-like sales in all their markets.”

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