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Carphone Warehouse March quarter trading update and analyst day - Venture Insights

Report Overview

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Carphone Warehouse March quarter trading update and analyst day

PublisherEnders Analysis.
Publish Date April 21, 2009
Sector Fixed Line (Internet and Voice).
Company Carphone Warehouse, TalkTalk.

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In fixed line, net broadband additions for the quarter were strong at TalkTalk given a tough market, but remained firmly negative at AOL UK.

We are sceptical of new guidance for fixed line for the year to March 2010, but still expect reasonable performance, given the slowdown in broadband market growth.

The distribution business continued to defy the consumer downturn in volume terms, with 12% connections growth and a solid outlook for next year, although the pain is being felt at the margin level.