Carphone Warehouse records sixth consecutive quarter of revenue growth - PC Retail

Carphone Warehouse records sixth consecutive quarter of revenue growth

Retailer continues to see 'encouraging customer demand' for 4G services
Author:
Publish date:
2-carphone-warehouse.jpg

Retailer Carphone Warehouse has reported its sixth consecutive quarter of like-for-like revenue growth for the quarter ending December 28th 2013.

Overall Group Q3 like-for-like revenues were up 3.1 per cent, while in the UK revenues were up five per cent.

It expects to deliver between £140 million and £160 million in earnings before interest and taxes for its full year. 

The firm says it has also been encouraged by sales of 4G devices and tariffs. 

Andrew Harrison, Carphone Warehouse CEO, said: "Today we are reporting our sixth consecutive quarter of like-for-like revenue growth, despite the continued double-digit decline in the prepay market and strong comparatives for the same period last year.

"As anticipated, postpay volumes remain subdued while the market transitions to 4G. Against this, our strong brand awareness and our excellent retail execution meant that Carphone Warehouse again increased its UK market share. Our new Pin Point selling tool has proved particularly effective in driving the penetration of 4G tariffs and increasing revenue per connection.

"We remain focused on our multi-channel customer journey, on driving 4G penetration and continuing to make good progress in our partnership relationships and our Connected World Services business. We are reiterating the full-year earnings guidance we gave in November."

Related