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Carphone Warehouse Q4 2010/11 results: weathering storms - Venture Insights

Report Overview

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Carphone Warehouse Q4 2010/11 results: weathering storms

PublisherEnders Analysis.
Publish Date May 5, 2011
Sector Fixed Line (Internet and Voice), Mobile and Wireless Technology, Technology.
Company Carphone Warehouse.

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CPW Europe had a difficult quarter, with volumes falling 9% and like-for-like revenue 2%, due to continued prepay weakness and the shift to 24 month contracts in the UK

The US business was again very strong, growing volumes at 26%, and this strength is likely to continue due to an acceleration in store roll outs

Keeping the European business flat in 2011/12 will be a challenge, but the US business is likely to more than make up for this at the group level