CPW Europe sees 10pc growth with UK sales ‘particularly strong’

0
375

The retailer said it wants to replicate its performance in the UK across other markets

Carphone Warehouse Europe has seen sales grow over 10 per cent year on year, with the company saying its UK performance was “particularly strong”.

In its first quarter of 2013 (April, May and June) Carphone Warehouse’s (CPW) European businesses, which include UK stores of the same name, saw revenue grow to £816 million, up five per cent from £776 in the same period last year.

Sales grew 10.6 per cent, the company said, while connections in Europe grew six per cent from 1,991,000 in Q1 last year to 2,110,000.

CPW said sales growth was “particularly strong” in the UK, thanks to the postpay category and a continued shift towards high-end smartphones driving higher revenue per connection.

It said it wants to replicate the success seen in the UK in other markets.

Virgin Mobile France, of which it owns 46 per cent with Virgin Group, saw a 15 per cent decline in revenues however.

CPW Group CEO Roger Taylor said: “We have enjoyed a good first quarter with strong like-for-like revenue and connections growth, and we are reiterating the guidance we gave when we presented our final results for 2012-13 in late June.

“Postpay sales in the UK were particularly strong, continuing the momentum of the previous quarter, as our offers and service continue to resonate with the customer.

“As anticipated, Virgin Mobile France revenue declined year-on-year, reflecting market price deflation, the effects of which reduce later in the year.

“We believe the Group is well positioned following the strategic moves we have made and we are focused on replicating the UK’s operational execution across Europe and bringing our Connected World capabilities to other business partners, including our recently announced partnerships with Media Markt / Saturn and Metro Group.”

NO COMMENTS

LEAVE A REPLY