Dixons losses for the financial year ending 30 April 2013 reach £209.8 million due to one-time charges from the PIXmania reorganisation, the Bury site reshuffle and business impairment costs.
Underlying pre-tax profit grows by 15% to £94.5m, up from £82.1m for the previous year, while net cash amounts to £42.1m (vs net debt of £104m at the FY start).
Otherwise the retailer sees improvements during the year-- total and like-for-like sales grow by 4%, with Q4 sales growing by 13% Y-o-Y in the UK & Ireland and by 14% in N. Europe, reflecing "strong share gains" earned following Comet's collapse.
The retailer describes performance in S. Europe as "robust" if offset by the "PIXmania problem"-- thus sales for Italy, Greece and Turky are down by -8% with underlying losses worth £24.4m.