Carphone Warehouse Q4 2010/11 results: weathering storms

Report Overview

Carphone Warehouse Q4 2010/11 results: weathering storms

Already a Subscriber? Login here to view Full Report

Carphone Warehouse Q4 2010/11 results: weathering storms
CPW Europe had a difficult quarter, with volumes falling 9% and like-for-like revenue 2%, due to continued prepay weakness and the shift to 24 month contracts in the UK
The US business was again very strong, growing volumes at 26%, and this strength is likely to continue due to an acceleration in store roll outs
Keeping the European business flat in 2011/12 will be a challenge, but the US business is likely to more than make up for this at the group level