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European specialist electrical retailing and services firm Dixons Retail has posted a better than expected sales in the fourth quarter despite the slump hitting rivals.
Group sales increased 4% in the quarter ended 28 April 2012, while like-for-like sales were up 5% from the same quarter in previous fiscal year.
Sales in the UK & Ireland advanced 8% in the fiscal fourth quarter, with comparable stores sales also growing to 8% during the same period.
Northern Europe sales rose 7% in the reporting quarter, whereas like-for-like sales jumped 10% during the period.
Sales in Southern Europe slumped 7% during the fourth quarter, with comparable stores sales down by 9% in the quarter ended 28 April 2012.
The British retailer runs Elkjop in Nordic countries, UniEuro in Italy and Kotsovolos in Greece, in addition to operating Currys, CurrysDigital, PC World, Dixons Travel and Dixons.co.uk.
In the 52-week period ended 28 April 2012, total group sales remained flat, but like-for-like sales decreased 3%.
During the full fiscal year, sales in the UK & Ireland declined 2%, while comparable stores sales edged down 4%.
Sales in Northern Europe climbed 11% in the 52-week period and like-for-like sales advanced 6%, whereas Southern Europe sales fell 5% with comparable stores sales down by 8%.
Dixons Retail chief executive Sebastian James said the firm will deliver a multi-channel business that is sustainable in a world where consumer shopping behaviours are constantly evolving.
"The consumer environment remains uncertain in many of our markets and we continue to plan cautiously and manage costs aggressively," James said.
"We saw a strong end to the year particularly in the UK and Nordics, and it is good to see the work that we have been doing to improve the ranging and service bearing fruit as more customers are choosing us over our competitors."
Image: Dixons Retail’s fourth quarter sales in the UK & Ireland increased 8%, with like-for-like sales up 8%. Photo: Dixons Retail plc