Expansys sees 30% sales growth

Expansys, the online electronics retailer, has climbed 6% this morning on news its November and December sales are 30% ahead of the equivalent period of 2010.

Expansys, the online electronics retailer, has climbed 6% this morning on news its November and December sales are 30% ahead of the equivalent period of 2010.

The growth has come from the firm's own brand websites and particularly in the Asia and US divisions.

Expansys's Chief Executive, Anthony Catterson, said of the update:

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"Despite the continued challenging environment in the UK and Europe, we are moving towards the final quarter of the financial year with pleasing growth being delivered in the retail business and across the Group."

Despite today's strong numbers Expansys has still fallen 69% in the last 12 months.

BS