Feeds

Carphone Warehouse increases UK market share

Revenues up a smidge

  • alert
  • submit to reddit

Using blade systems to cut costs and sharpen efficiencies

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. ®

HP ProLiant Gen8: Integrated lifecycle automation

More from The Register

next story
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
Google Nest, ARM, Samsung pull out Thread to strangle ZigBee
But there's a flaw in Google's IP-based IoT system
Microsoft unsheathes cheap Android-killer: Behold, the Lumia 530
Say it with us: I'm King of the Landfill-ill-ill-ill
All those new '5G standards'? Here's the science they rely on
Radio professor tells us how wireless will get faster in the real world
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
'Two-speed internet' storm turns FCC.gov into zero-speed website
Deadline for comments on net neutrality shake-up extended to Friday
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.