The Carphone Warehouse reports 7.8 per cent revenue increase for end of 2012
Mobile phone retailer Carphone Warehouse has announced a growth in revenue across Europe for the third quarter of 2012 of 7.8 per cent as a result of 'strong momentum' in post pay and tablet sales.
Overall European revenue saw growth in dealer revenues by 14.5 per cent to £1,089 million, it revealed, citing pre-Christmas post-pay offers and ongoing 'Smart Deals' as two factors.
The company also said that it had saw an improvement in the prepay category during the quarter, however it believed this area was still 'weak' and that Smartphone take-up was driving that improvement. '
Tablet growth was also recorded as 'non-cellular' sales accounted for nine per cent of the company's retail revenue during the quarter.
Joint venture Virgin Mobile France also delivered year-on-year revenue growth of 9.9 per cent from €109 million to €120 million.
Roger Taylor, CEO of The Carphone Warehouse, commented: "I am delighted with the performance of our UK business over the Christmas quarter, with like-for-like revenues up 16 per cent, building on the momentum seen in Q2, and this has helped drive a strong overall 7.8 per cent qlike-for-like revenue growth. We substantially grew market share in both prepay and postpay, and gained authority in tablets. This reflects extremely well on our team and on our policy of investing in our proposition to give our customers compelling offers on smartphones and tablets, accepting some margin investment. Mainland Europe like-for-like revenue was broadly flat, with trading being particularly challenging in France, and this, combined with the margin investment in the UK, means that we will not be changing our full year earnings guidance."
The Carphone Warehouse's Q3 ended on 31 December 2012.