Currys has reported a return to sales growth following a drop in revenue over the festive period.

In a trading update, the electronics retailer said that sales grew by two per cent in the 16 weeks to 27 April.

It went on to say that full-year adjusted profit before tax excluding Greece is expected to be in the region of between £115 - £120 million, ahead of previous predictions of £105 million.

Sales in the Nordics also grew by two per cent despite a “challenging market”, with adjusted EBIT for the region expected to “more than double” year-on-year, ahead of forecasts.

The retailer’s latest financial results are a welcome improvement on the three per cent decrease in revenue recorded in the UK and Ireland over the 10 weeks to 6 January.

Alex Baldock, group chief executive at Currys said that there is “good momentum” in the business and that performance is strengthening.

“Sales are now growing again, margins are benefiting from higher customer adoption of solutions and services, and cost discipline is good,” he added. “All this means improved profits and, with our strong cash position, we’re well set up for the year ahead.”

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