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ANALYST VIEWS: WHAT DO YOU MAKE OF DSG'S TRADING UPDATE?

<strong>MATTHEW MCEACHRAN </strong> SINGER CAPITAL<br />DSG indicates that revenues are slightly ahead of expectations. Overall, and ahead of the all-important winter trading period, and the World Cup next summer, this statement is encouraging. But, within this, like-for-like sales in the UK were down by 14-15 per cent.<br /><br /><strong>JOHN STEVENSON </strong> KBC?PEEL HUNT<br />UK like-for-like sales remain challenging at both PC World and Currys, both down by double-digits like for like, although this has been partially mitigated by improving fortunes for the Nordic operations and Italy. DSG has also announced the disposal of its Polish operations.<br /><br /><strong>TONY SHIRET </strong> CREDIT SUISSE<br />The trading update at the group level has come in ahead of expectations thanks to a better than expected performance from the Nordics region with group like-for-like sales down six per cent compared to our forecast of nine per cent. We believe pressure on the group is on the upside.