Currys shares jumped over 6% after the UK electronics retailer reported stronger-than-expected holiday trading. Group like-for-like sales rose 6%, with the Nordics region leading at 12% growth, far exceeding forecasts. The performance prompted a profit outlook that tops market expectations, signaling a robust recovery for the retailer.

The company now guides for adjusted profit before tax of £180 million to £190 million for the full year, ahead of the £180 million consensus. The forecast hinges on significant growth in the Nordics, while UK and Ireland operations are expected to be stable. Improved gross margins and a 19% surge in iD Mobile subscribers to 2.5 million also supported the update.

RBC Capital Markets noted the trading beat was driven by a meaningful acceleration in Nordics sales, offsetting softer UK trends. The broker said the profit guidance midpoint is about 3% above consensus. Currys is also progressing a £50 million share buyback, having completed £30 million so far.