Dixons Electrical posts £30 million loss

Bad news from Dixons Electrical, it has posted a massive multi-million pound loss.In the last six months of trading the group – that covers PC World, Currys, Dixons Electrical and PIXmania – has reported around a £30 million loss.

Only DSGI’s e-commerce businesses, PIXmania and Dixons. Electrical showed growth, up 9%, although the company did say its new format stores were doing well.

Dixons Electrical said: “The trading environment remains tough and volatile. The Group is prepared for a recessionary environment and is consequently focused on cash generation”.