Darty to focus on core markets as it says profits and sales up

Electrical goods retailer Darty yesterday announced a six per cent rise in pre-tax profits to €60m (£48m) for the last financial year, with like-for-like sales revenue up to €3.58bn, an increase of 1.7 per cent.

Darty, listed in London but with most of its sales in France, is the third largest electrical goods retailer in Europe, and has been trying to minimise and eliminate loss-making parts of the business.

The company last year closed its stores in Spain and Turkey as it focused on its core French and Belgium markets.

Chief executive Regis Schultz, said he expected market conditions to “remain challenging” next year.