Feeds

Carphone Warehouse clings to buoyant fondleslab, avoids submerging

Margins sure to be better in China than Europe, right?

Boost IT visibility and business value

Lower handset subsidies and a lack of choice in the low end caused high-street business to drop more than 5 per cent in Europe according to Carphone Warehouse, though the retailer still managed to maintain profits within its own predictions.

The drop in retail was offset by a decent performance in Virgin Mobile France, which has apparently recovered from the hit it took when Free Mobile launched. Also helping the bottom line are sales of tablets and accessories, which are up 15 per cent, not to mention the cash injection from the sale of Best Buy mobile which saw £813m returned to shareholders.

That sale pushed overall profit up to £762.2m, compared to £67m the previous year, but actual earnings remained effectively static at £135m – which is within, but at the bottom of, the range the company had predicted.

The mobile phone retailer said it "expect[s] the consumer environment in Europe to remain challenging in the year ahead along with the continued effect of regulation and competition in the mobile market".

Operating costs are down, around £30m has been sliced off expenditure over the last 12 months, and the company still plans to open its first Chinese branch, in cooperation with Best Buy, later this month - presumably hoping it will fare better than the coalition's European experiment. ®

Best practices for enterprise data

More from The Register

next story
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?