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Friday, July 26, 2013

Carphone Warehouse says quarterly figures show ‘strong start to the year’

Carphone Warehouse Group plc has published an interim management statement for the first quarter of its financial year, which ran until 29th June. It’s described the results as a ‘strong start to the year’.

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Like-for-like sales at its CPW Europe business were up 10.6% year-on-year, while total connections were up 6.0% to 2.11 million. When currency fluctuations were taken into account, revenue was up 5.2% to £816 million.

Roger Taylor, who moved from CEO to become deputy chairman after the AGM on Wednesday, said “We have enjoyed a good first quarter with strong like-for-like revenue and connections growth, and we are reiterating the guidance we gave when we presented our final results for 2012-13 in late June. Postpay sales in the UK were particularly strong, continuing the momentum of the previous quarter, as our offers and service continue to resonate with the customer. We believe the Group is well positioned following the strategic moves we have made and we are focused on replicating the UK’s operational execution across Europe and bringing our Connected World capabilities to other business partners, including our recently announced partnerships with Media Markt / Saturn and Metro Group.”

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Author: The Fonecast
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