Revenue up 19% at mobile retailer

CARPHONE Warehouse reported a good performance at its Irish stores for the year to March 2008, despite a cautious outlook for the 12 months ahead on a group level.

Europe’s biggest independent mobile phone retailer said it is remaining cautious as a result of falling broadband demand.

It said connections at its Irish stores are up 19% over the last year — well ahead of the group average.

It did not break down revenue for its Irish stores, but said combined revenue at stores in Ireland, Belgium, Netherlands, Portugal, and Sweden, was up 19% to £406 million (€512m).

On a group level, Carphone said the year had started well for its mobile retail business, with mobile connections in the first 10 weeks up 12% year on year, compared with its growth target of 8% to 10%.

But it said broadband net and gross additions were lower than expected, due to the housing slowdown and a strong performance in mobile broadband sales, which do not need a fixed line.

“The environment is difficult for everyone and everything at the moment,” finance director Roger Taylor said.


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