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Dixons Carphone H1 revenue up as retailer's 4G mobile network hits 200,000 subscribers - PC Retail

Dixons Carphone H1 revenue up as retailer's 4G mobile network hits 200,000 subscribers

Retailer also makes a number of changes to its board of directors
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Dixons Carphone has reported a strong half year, with like-for-like revenue up five per cent.

The firm gained market share across the UK & Ireland, Nordics, Greece and Spain, and group chief executive Sebastian James revealed the group’s new 4G mobile network, iD, has hit a milestone of 200,000 subscribers to date.

“This has been a very good first half for Dixons Carphone. Against a broadly flat market overall and a very strong comparative period we have seen continued like-for-like growth driven by market share gains across all territories,” said James in Dixons Carphone’s interim results for 2015-16.

James said the retailer’s UK and Ireland business had an impressive start to the year with 31 per cent earnings growth.

“Across the board we continue to see improved customer satisfaction and price competitiveness which gives me confidence that our core business continues to be focused on the things that matter to our long term future,” added James.

Dixons Carphone has also announced the appointment of Lord Livingston of Parkhead as deputy chairman of the board and Tony DeNunzio CBE as senior independent director.

Livingston will chair the Remuneration Committee and become a member of the Nominations Committee. DeNunzio will become a member of the Remuneration and Nominations Committees.

The company also announces that Roger Taylor will stand down as deputy chairman of the board with effect from today. Taylor has been deputy chairman since July 2013 and prior to this he was chief executive officer of Carphone Warehouse plc.

John Gildersleeve also steps down with effect from today. Gildersleeve has been a non-executive director of the company for 15 years and most recently was chairman of the Remuneration Committee.

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