Carphone Warehouse increases German presence

19 Aug 2004

UK-based Carphone Warehouse says it plans to expand its retail presence in Germany and has targeted a 6% market share of all new mobile phone sales within two years. The Group’s German operation turned an operating loss of EUR11 million in the year to 31 March 2003 into a EUR8 million profit a year later, on revenues of EUR320 million and a customer base of 700,000.