Feeds

Carphone Warehouse clings to buoyant fondleslab, avoids submerging

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

Choosing a cloud hosting partner with confidence

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. ®

Internet Security Threat Report 2014

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
America's super-secret X-37B plane returns to Earth after nearly TWO YEARS aloft
674 days in space for US Air Force's mystery orbital vehicle
10 Top Tips For PRs Considering Whether To Phone The Register
You'll Read These And LOL Even Though They're Serious
prev story

Whitepapers

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.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
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?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.