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Carphone Warehouse June quarter results: steady in Europe, strong in US - Venture Insights

Report Overview

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Carphone Warehouse June quarter results: steady in Europe, strong in US

PublisherEnders Analysis.
Publish Date July 26, 2010
Sector Fixed Line (Internet and Voice), Mobile and Wireless Technology.
Company Carphone Warehouse.

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CPW saw growing revenue but falling volume in its core European handset retail business, as contract handset growth outperformed prepay.

We believe that this is in line with a slightly subdued market, with consumer confidence quite weak across a number of European countries.

CPW’s US business did much better, growing at 30%, and it is this strength that leaves us confident in the group’s ability to have a strong full year.