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Carphone Warehouse Group interim results to September 2009: forging ahead - Venture Insights

Report Overview

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Carphone Warehouse Group interim results to September 2009: forging ahead

PublisherEnders Analysis.
Publish Date November 29, 2009
Sector Digital Media, Sports.
Company Carphone Warehouse.

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Fixed line revenue growth continued to decline excluding the impact of Tiscali UK, but at a manageable rate, and profitability continued to improve strongly. TalkTalk Group is performing well in the run-up to demerger, and management is sounding very confident. But there are some clouds on the horizon, not least the relaunch of Tesco Telecom.

Sky+ HD is now manifestly the centre point of a three-pronged operational strategy that focuses on driving customer growth, selling more products into the customer base and seeking efficiencies in fixed costs.

Sky 3D, due for residential launch in H2 2010, fits in well with the core Sky+ HD proposition and the satellite operator looks well placed to combat growing retail competition from other platforms, assuming Ofcom implements its wholesale pay-TV proposals for Sky premium subscription films and sports some time in spring 2010.