Feeds

Carphone Warehouse increases UK market share

Revenues up a smidge

  • alert
  • submit to reddit

Intelligent flash storage arrays

Shares in Carphone Warehouse rose this morning after the retailer published a batch of encouraging figures.

Turnover for the year to the end of March rose a smidgen to £1.15 billion from £1.11 billion the year before.

Pre-tax profit fell slightly to £46.8 million from £49.6 million in the previous year.

Carphone Warehouse also managed to increase its market share to more than 20 per cent - up from 12 per cent last year.

This performance is set against tough trading conditions and at a time when retailers recorded a sharp drop in handset sales.

Said CEO Charles Dunstone in a statement: "In a challenging year, we have outperformed a European handset market that is down by up to 40 per cent. Our market share has increased substantially."

While it is pleased with these figures, Carphone Warehouse also has an eye on the future and is also looking ahead to the arrival of next generation 3G services in the hope that this will spark a surge in sales grow.

Said Dunstone: "Our current trading figures leave us feeling increasingly optimistic for the current year ahead. We are delivering increased sales without the benefit of picture messaging and the first 3G services which are still to come. All this forms a stable platform from which we can deliver growth during the next 12 months and beyond."

By mid morning shares in Carphone Warehouse were up 4p (5.23 per cent) at 80.5p. ®

Security for virtualized datacentres

More from The Register

next story
TEEN RAMPAGE: Kids in iPhone 6 'Will it bend' YouTube 'prank'
iPhones bent in Norwich? As if the place wasn't weird enough
Consumers agree to give up first-born child for free Wi-Fi – survey
This Herod network's ace – but crap reception in bullrushes
Crouching tiger, FAST ASLEEP dragon: Smugglers can't shift iPhone 6s
China's grey market reports 'sluggish' sales of Apple mobe
Sea-Me-We 5 construction starts
New sub cable to go live 2016
New EU digi-commish struggles with concepts of net neutrality
Oettinger all about the infrastructure – but not big on substance
EE coughs to BROKEN data usage metrics BLUNDER that short-changes customers
Carrier apologises for 'inflated' measurements cockup
Comcast: Help, help, FCC. Netflix and pals are EXTORTIONISTS
The others guys are being mean so therefore ... monopoly all good, yeah?
Surprise: if you work from home you need the Internet
Buffer-rage sends Aussies out to experience road rage
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.