Partner Article

Revenues continue to climb at Carphone Warehouse

Carphone Warehouse reported a sixth consecutive month quarter of revenue growth, despite a downturn in the market for prepay mobile phones.

The high street retailer said third quarter, like-for-like revenues grew 1.3% across the Group and 5% in the UK.

Sales of postpay, or contract, phones were broadly flat across the quarter to December 28.

The firm awaited the roll out of 4G services across Europe which it said was stifling current market activity as people waited for the faster service to launch.

A record number of visitors to the Carphone Warehouse website was recorded over the last quarter. However, the company said physical retailing still played a major part in the phone buying process.

Andrew Harrison, CEO, said: “Today we are reporting our sixth consecutive quarter of like-for-like revenue growth, despite the continued double-digit decline in the prepay market and strong comparatives for the same period last year.

“As anticipated, postpay volumes remain subdued while the market transitions to 4G. Against this, our strong brand awareness and our excellent retail execution meant that Carphone Warehouse again increased its UK market share. Our new Pin Point selling tool has proved particularly effective in driving the penetration of 4G tariffs and increasing revenue per connection.

“We remain focused on our multi-channel customer journey, on driving 4G penetration and continuing to make good progress in our partnership relationships and our Connected World Services business. We are reiterating the full-year earnings guidance we gave in November.”

This was posted in Bdaily's Members' News section by Tom Keighley .