Dixons Hits £1bn Online Sales For First Time
The owner of Currys and PC World has seen its group online sales hit £1bn for the first time.
Dixons Retail said internet shopping rose by 16% in the year ending April 30.
The company said total like-for-like sales were up 5% in the UK and Ireland and 2% in Nordic countries but down 9% in Greece.
It said underlying pre-tax profit across the group reached £166.2m in the year, up 10% on the restated 2013 figure of £151m.
Dixons owns the Kotsovolos business in Greece and Elkjop in Scandinavia.
In the financial year it discontinued operations in Turkey and Italy and announced disposal of its business in Slovakia and the Czech Republic.
The figures come as the company, which is Europe's second largest electrical retailer, prepares to merge with the continent's biggest phone retailer, Carphone Warehouse.
The two firms have agreed on an all-share merger as they seek to maximise involvement in the increasing convergence of technology, known as the "internet of things".
Shareholders will vote on the merger at meetings on July 17, with shares in Dixons Carphone due to start trading on August 7.
The deal would create a firm with turnover of about £12bn, along with 2,900 stores and some 45,000 staff.
It will likely enter the FTSE 100 index of leading companies.
Group chief executive Sebastian James said: "This has been a great year for the group with some excellent performances across our multi-channel businesses, together with the achievement of a number of important strategic objectives."
He added: "I'm very excited about the opportunities the proposed merger with Carphone Warehouse offers for the group.
"We'll build what I hope will be the first and best truly multi-channel proposition that allows customers not only to buy and experience the explosion of new connected products ... but to also get the advice, connectivity and services that will allow them to use technology as it should be used - to make their lives better."
The company's UK pension scheme deficit is £400m, down slightly on last year's figure of £406m.