Shares in Kesa Electricals were up on the FTSE 250 and are a weak hold ahead of tomorrow's full year results, which are expected to show a rise in pre-tax profit of 10.5 per cent to around £77 million.
There were encouraging signs for the electrical goods market when supermarket Tesco reported strong TV sales last week.
In May Kesa said it was trading in line with expectations, despite poor weather at the start of the year causing a fall in like for like sales of 1.2 per cent.
The group said that its French Darty stores had seen stores rise 4.5 per cent, compensating for the drop of 3.4 per cent in sales at its British Comet stores.
In addition the development of Kesa's new stores in Turkey, Spain and Italy helped boost sales for Kesa, according to the May update and could come into play in tomorrow's full year results.
Keith Bowman, analyst at Hargreaves Lansdown said, "Pre-tax profit is expected to increase 10.5 per cent on a consensus basis to £77.16 million, aided by cost cutting measures. Consensus market opinion currently denotes a weak hold ahead of the results".
By 13:44 shares in Kesa were up on the FTSE 250 by 2.78 per cent to 118.30 pence per share.