European electrical goods retailer DSG has seen sales increase but remains cautious about the outlook.
DSG, whose stores include Currys and PC World, said today that like-for-like sales grew 6 per cent in the 16 weeks to August 18th.
DSG chief executive John Clare said the group had made a good start to the year, with flat-screen TVs and laptops driving demand, helped by poor weather which boosts sales of such goods.
The market for "white goods", such as washing machines and fridges, had "been more encouraging" across most of Europe, he said.
"Whilst the year has started well, we remain cautious about the outlook for the consumer in the UK and across much of the rest of Europe in a higher interest rate environment," Mr Clare said.
DSG shares, which have underperformed the DJ Stoxx European retailing sector index by around 25 per cent so far this year, were down 0.7 per cent at 156.5 pence in early trading, valuing the company at around £2.87 billion (€4.3 billion).