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Carphone Warehouse 2008/09 FY results - Venture Insights

Report Overview

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Carphone Warehouse 2008/09 FY results

PublisherEnders Analysis.
Publish Date June 5, 2009
Sector Fixed Line (Internet and Voice), Mobile and Wireless Technology.
Company Carphone Warehouse, TalkTalk.

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Carphone Warehouse’s distribution business had a slightly mixed year, with strong volumes and revenue mitigated by a sharp drop in margins and profit, with margin being sacrificed for market share.

Given the very poor recession-hit market for handsets, Carphone Warehouse’s market share gains have been dramatic, so the sacrifice was at least not in vain.

Although TalkTalk Group missed much of its guidance to March 2009, we now view new guidance as achievable, with the main risks related to the integration of Tiscali UK.