LONDON (dpa-AFX) - Kesa Electricals Plc. (KESA.L) on Thursday said adjusted profit before tax for the year is expected to be around the mid-point of the range of current market expectations.
In a trading statement for the period between January 9 and April 30 for the financial year ended April 30, the company said total revenue for the continuing group fell 4.6 per cent in local currency, and by 5.9 per cent on a like-for-like basis.
The decline reflected weak market conditions, particularly in Vision against the benefits of digital switchover in the prior year, notably in France.
CEO Thierry Falque-Pierrotin said, 'Since last reporting in January trading conditions have been volatile and have remained weak in most of our markets, particularly in Vision and in Italy and Spain.'
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