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CAN KESA ELECTRICALS RECOVER FROM ITS NOSEDIVE INTO THE RED?

<strong>DAVID JEARY </strong> INVESTEC<br />It is clear that trading conditions remain challenging. The company has already announced cost cutting measures for Comet and its Spanish division, and cost reduction is to remain a key focus. Much will depend on the continued resilience of the key Darty division, which has performed solidly.&rdquo;<br /><br /><strong>MATTHEW MCEACHRAN </strong>SINGER CAPITAL<br />These results look slightly below expectations, driven mainly by the higher-than-forecast losses in European start-ups. The dividend is lower than hoped, and management has indicated that the progressive policy will only recommence when the economic environment improves. But the group remains unencumbered by debt.<br /><br /><strong>KEITH BOWMAN </strong>HARGREAVES&nbsp; LANSDOWN<br />Despite moving into loss territory, the results are broadly in line with expectations. On the downside, trading remains challenging given hard-pressed consumers, arch rival DSG International is continuing the roll-out of its revamped stores and competition is set to intensify.&rdquo;<br />