Carphone Warehouse sees strong Q3

News

Carphone Warehouse sees strong Q3

Microscope contributor

Communications specialist The Carphone Warehouse has increased its full-year guidance after a strong quarter, with good performances from its TalkTalk Internet business and its Best Buy Europe joint venture, CEO Charles Dunstone said today in a third quarter trading update.

Over the three months to the end of December TalkTalk pressed ahead with the integration of the Tiscali business, making total sales of £446m, up 29% year-on-year.

The unit’s total broadband base was up 52% on the end of2009, and according to Dunstone attracted 36,000 net new broadband customers during the quarter, partly due to its successful ‘bright-dancing’ campaign on UK television.

“The Tiscali integration remains well on track to create a highly efficient platform for providing our customers with excellent value and service,” Dunstone said.

The much talked about Best Buy Europe venture also remained on track, with sales up 3.7% on a constant currency basis. In the 13 weeks to 2January 2010 it made revenues of £996m, down 1% year-on-year.

The first of its big box stores remain on course for a spring opening.

The de-merger of the Carphone Warehouse’s Internet and retail arms, initially announced last April, is now on track to be completed in March;the firm said today that final documentation will be sent to shareholders by the end of the month.


Join the conversation Comment

Share
Comments

    Results

    Contribute to the conversation

    All fields are required. Comments will appear at the bottom of the article.