Carphone Warehouse reports lacklustre sales

18 Jan 2008

British mobile phone retailer and telecoms group Carphone Warehouse has reported that in the third quarter ended 29 December 2007 mobile phone sales rose by 13% to GBP650 million (USD1.3 billion), against expectations of 15% and well below the 19.2% recorded in the previous quarter. Underlying retail sales grew 1%. According to the group’s Finance Director Roger Taylor the company sold 50,000-100,000 fewer phones than expected, equivalent to about GBP2 million of profit. On a brighter note, Carphone said it added 118,000 new broadband customers over the quarter, taking its total base to 2.6 million; it has pledged to reach 3.5m customers by 2010. The company claims to be on track with its exchange roll out, and ended the period with 1,533 fully unbundled TalkTalk exchanges and 924 partially unbundled AOL exchanges.

United Kingdom, TalkTalk