Electricals seller Dixons exploring partial IPO of Nordics business

(Reuters) – British retailer Dixons Carphone (DC.L) said on Thursday it was exploring listing a minority stake of its Nordics business next year, as the region has continued to see higher profits and market share even during the coronavirus crisis.

FILE PHOTO: A sign displays the logo of Dixons Carphone at the company headquarters in London, Britain August 1, 2017. REUTERS/Neil Hall

The company said online sales at the Nordic business jumped 49% in the 17 weeks to Aug. 29, and while the review is in early stages, the listing could further strengthen capital structure.

Shares in the FTSE 250 company were up 5.8% at 86.6 pence by 0846 GMT.

The owner of Currys, PC World and Carphone Warehouse said online sales more than tripled while stores were closed, with 14% like-for-like growth in its electricals business for the same period.

“We’ve started the year well, but nobody

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