Feeds

Carphone Warehouse fills up in Q4

All going swimmingly

Internet Security Threat Report 2014

CarphoneWarehouse shares hit a year high this morning after it posted strong growth for the fourth quarter.

Like-for-like revenue for Carphone Warehouse Europe was up three per cent, though it did give an actual figure, despite a 2.9 per cent fall in connections. By contrast Best Buy Mobile US connections were up 34.2 per cent.

The news pushed CPW shares up three per cent to 201p this morning.

Carphone's European earnings before interest for the full year were £114m, up from £97m last year.

For the year ending March 2011 Carphone expects its share of Best Buy Europe's profits to be between £47m and £50m.

Chief Executive Charles Dunstone said: "The demerger is now successfully completed, and we are moving into our next phase of growth... This Friday, we open our first UK Best Buy 'Big Box' store; Best Buy Mobile continues to show good potential in the US... and Virgin Mobile France is now moving into profit."

Carphone Warehouse Europe has 2,224 stores, down from 2,240 last year. It operates 206 franchises, compared to 219 last year. In the US it has 1,070 stores-within-stores and 77 standalone stores, up from 39 last year.

Full statement is here. ®

Intelligent flash storage arrays

More from The Register

next story
YOU are the threat: True confessions of real-life sysadmins
Who will save the systems from the men and women who save the systems from you?
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Broadband sellers in the UK are UP TO no good, says Which?
Speedy network claims only apply to 10% of customers
Virgin Media struck dumb by NATIONWIDE packet loss balls-up
Turning it off and on again fixes glitch 12 HOURS LATER
Ofcom snatches 700MHz off digital telly, hands it to mobile data providers
Hungry mobe'n'slab-waving Blighty swallows spectrum
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
The hidden costs of self-signed SSL certificates
Exploring the true TCO for self-signed SSL certificates, including a side-by-side comparison of a self-signed architecture versus working with a third-party SSL vendor.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.